XMC: Explanation for the change of over 10% in operating result in QIV.2011 compared to QIV.2010
According to the Financial Statement Quarter IV/2011, profit after tax of Quarter IV/2011 decreased more than 10% year on year. Vinaconex Xuan Mai Concrete & Construction JSC explained the decrease in operating result in Quarter IV/2011 as follows:
- Profit after tax is VND -373,365,819 with a decrease of VND 5,432,593,614 (107.4%) compared to QIV.2010 (VND 5,059,740,288).
- Input materials increased sharply year on year.
- High interest of bank loans made the financial expenses increase.
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