|
HAS: Explanation for financial statements of quarter 4.2011
Hanoi P & T Construction & Installation Joint Stock Company (HACISCO) has explained profit in quarter 4/2011 decreased 168% beside quarter 4/2010 as follows:
- Revenue reached VND44,505 billion and increased 6.94% in quarter 4/2011 beside quarter 4/2011. Profit after tax in quarter 4/2011 reached –VND4,881 billion and accumulated profit reached VND727 billion.
- Settlement of some Son production, plastic
- The company had drawn the balance sheet some paint project, plastic. Therefore, rate of profit over revenue was down.
- In quarter 4/2011, the company added VND1,311 million of expenses into provision for short-term securities devaluation. However, in quarter 4/2010, the company reversed VND495 million of the provision.
- Beside, general and administrative expenses in quarter 4/2011 increased 269% beside quarter 4/2010 because in the quarter 4/2011, the company added VND3,749 million of provision for bad debts. Selling expense was VND651 million but not in Quarter 4/2010.
hose
|
