Friday, 09/03/2012 00:50

SVN: 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.  Solavina JSC explained the decrease in operating result in Quarter IV/2011 as follows:

- Due to the difficulties of the economy and the construction, most of the company’s large projects lacked of capital or impossible to exercise.

- Profit from the investment projects increased compared to the plan due to the situation of partners.

hnx

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