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HHS: Explanation for business result in Quarter 4/2011
Hoang Huy Investment Services Joint Stock Company explained the fluctuation in business result in Quarter 4/2011 compared to Quarter 4/2010:
- Profit from sales of goods and services in Quarter 4/2011 was VND23,602,813,386 decreasing VND5,495,706,322 or (-18.89%) over Quarter 4/2010.
- Because, economic difficulties, loan interest rate increased, real estate market quiet affecting to truck sales.
- Sales in Quarter 4/2010 was VND250,950,201,147 but Sales in Quarter 4/2011 was VND80,213,858,382 decreasing 68% against the same period of 2010. Besides revenue from financial rose leading profit in Quarter 4/2011 only decreased 18.89%.
- Compared to the same period of 2010, revenue from sales of goods and services in Quarter 4/2011 (mainly fertilizer business) was VND16,168,807,792 increasing 712,5%; Revenue from financial activities increased 381% (revenue from equity transfer was VND 13 billion) and profit after tax was VND703 million increasing 1232.5% over Quarter 4/2010.
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