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SDC: Business operational explanation
According to the Financial Statement Quarter III/2011, profit after tax decreased by VND 1,092,278,730 (49.68%) compared to Quarter III/2010. Song Da Consulting JSC (HNX: SDC) explained the decrease as follows:
- The operating income decreased by VND 8,799,112,049 (28%) compared to QIII/2010. Due to the change of the economy, many projects had to delay starting or met the difficulties in liquidation;
- Financial income decreased by VND 505,928,803 (77%) causing by cash reclaim of 2011 was very slowly in compare to of 2010. Besides, the profits from associates also decreased;
- Other expensed increased by VND 47,710,057 (30%).
HNX
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