DXG: Explanation for business result in Q4/2011
Dat Xanh Real Estate Service & Constructions Corporation has explained consolidated profit in Q4/2011 compared to Q4/2010 as follows:
Consolidated loss after tax Q4/2011 was VND17,351,221,428 compared to consolidated profit after tax in Q4/2010 was VND13,945,406,247 mainly because:
Financial expense in Q4/2011 increased strongly VND14,047,062,572, while financial expense in Q4/2010 was VND191,948,685.
Besides, the company and the customer has not completed delivery products, so the company did not recorded sales. Therefore, net income in Q4/2011 was VND45,976,524,209 less than VND98,057,195,450 in Q4/2010.
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