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ASM: Explanation for business result in Q1/2012 Sao Mai Construction Corporation explained the fluctuation in profit after tax between Quarter 1/2012 and Quarter 1/2011:
-
According to the financial statements in Quarter 1/2012,
ASM’s profit after tax decreased 36.81% compared to the same period of 2011
because of the following reasons: +
Real estate markets continue freezing. +
Financial income decreased because the company reduced savings to investing in projects and
exchange rate between USD and VND in quarter 1/2012 was not much different compared to quarter 1/2011:
|
|
Quarter 1/2012
|
Quarter 1/2011
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Different
|
|
Interest from
savings
|
252,707,997
|
1,899,347,021
|
(1,646,639,024)
|
|
Interest from exchange rate
|
575,679,520
|
14,565,890,120
|
(13,990,210,600)
|
|
Total
|
828,387,517
|
16,465,237,141
|
(15,636,849,624)
|
HOSE
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