Friday, 02/12/2011 23:44

SRA: Business operational explanation

According to the Financial Statement QIII/2011, profit after tax of QIII/2011 decreased more than 47% year on year (In QIII.2011 the profit was minus (-) VND493,674,883). Sara Vietnam JSC (HNX: SRA) explained the decrease in operating result in QIII/2011 as follows:

- In QIII.2011, the Company mainly focused on projects, which made revenue decreased sharply year on year. Revenue in QIII.2011 came from financial activities, software services and website designing. However, because of high administration expenses, the revenue could not cover the expenses and this is the reason for the loss in this quarter.

HNX

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