PIV: Explanation for negative profit in 2011

PIV JSC explained the negative profits in 2011 as follows:

- Due to the world’s economic crisis, especially financial investment and real estate market, the company’s investment was inefficient. Financial revenue of 2011 was VND593,565,520 (equals 14% of 2010) while allowance for financial investment was VND243 million.
- Revenue of consulting and price evaluation in 2011 was VND2,213,611,247 (equals 35% of 2010) due to increase of price evaluation of real estate
- Investment in Real estate corporation as Gia Dinh land JSC, Van Phuc gia Investment JSC… didn’t reach the planned profit.

hnx

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