SJM: Explanation for negative profit of holding company in 2011
Song Da No. 19 JSC explained the negative profit of holding company in 2011 was –VND 8,378,341,079 as follows:
- Interest expenses increased by VND 6,137,178,980 compared to 2010.
- General and administrative expenses increased by VND 1,488,705,366 because the Company hired new head office located at 13thFloor, HH3 House, My Dinh new town, Me Tri, Tu Liem, Hanoi and the Company didn’t focus on saving management expenses
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