Pacific Property & Infrastructure Development Joint Stock Company has explained the consolidated business fluctuation in quarter 1/2012 compared to quarter 1/2011 as follows:
- Profit after tax in quarter 1/2012: -1,251,659,949 dongs.
- In which:
+ Profit from bridges and roads: -657.94 million dongs.
+ Profit from property: - 593.73 million dongs.
+ Profit after tax in quarter 1/2011: 2,580,329,257dongs.
+ Different: - 3,831,989,206 dongs or (-1.5 times) because:
+ In quarter 1/2012, price of materials, petroleum was high effecting cost of goods sold, selling expense and general & administrative expenses increased highly. Besides, interest rate rose leading interest rate expensive in quarter 1/2012 went up more highly than quarter 1/2011.
