Pacific Property and Infrastructure Development and Investment Joint Stock Company explained the fluctuation in the consolidated business result Quarter 4.2011 and Quarter 4.2010 as follows
- Profit after tax in Quarter 4/2011: - 3,487,771,898 dongs
- Profit after tax in Quarter 4/2010: 15,343,651,652 dongs
- Decreasing: -18,831,423,550 dongs (1.2 times)
- Reason: Revenue in Quarter 4/2011 was VND 43,525 million, decreasing VND 93,437 million (32%) compared to the same of 2010, real estate sale in Quarter 4.2011 was VND 25.45 billion, decreasing 43% compared to Quarter 4.2010 because the real estate market freeze.
- Revenue from bridges and roads in Quarter 4/2011 was VND 16,711 billion, decreasing 22.3% compared to Quarter 4/2010 because policy of public investment cutting.
- In Quarter 4/2011 the company recorded the loss from withdrawing capital at Nam Phan JSC by VND 2.35 billion. Financial expense increased.
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