ELC: Explanation for business results in QIII/2011
Electronic Communications Technology Investment Development Corporation (HOSE: ECL) has explained for difference between profit after tax in QIII/2011compared with in QIII/2010 of the parent company as follows:
- Profit after tax in QIII/2011(Of the parent company): VND24.24 billion
- Profit after tax in QIII/2010 (Of the parent company): VND67.40 billion
- Decreased: VND43.16 billion (64%)
- Reason: Revenue from sales and services in QIII/2011 decreased compared with QIII/2010 because projects, contracts are still in the process deploying, delivering, not settlement, acceptance
- Selling expenses, general & administrative expenses in QIII/2011 increased compared with the same period of last year. Main reason economic difficulties, the Government continues to tighten monetary policy, inflation, market prices leading selling expenses, general & administrative expenses increase.
HOSE
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