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HU1: Explanation for business results in quarter 1/2012 HUD1 Investment and Construction Joint Stock Company has explained business results in quarter 1/2012 compared to quarter 1/2011 as follows: - Consolidated
profit after tax in quarter 1/2012 was VND434,535,627 increasing 31.16%
compared to quarter 1/2011 (profit after tax in quarter 1/2011 was
VND331,281,773). Because:
- In
quarter 1/2012, HUD1 sold adjacent houses projects lot LK36,39,40,42, Villa of lot BT15 of new urban projects in Van Canh, Ha Noi, low-rise housing projects of lot
LF2,3,4 of new urban projects in Dong Son,
Thanh Hoa.
- Although income from
selling and supply service in quarter 1/2012 was VND77,919,003,013 equal to
88.4% of quarter 1/2011 but gross profit from selling at March 31, 2011 was
VND7,723,518,042 increasing 98% compared to the same period of last year (gross
profit from selling in quarter 1/2011 was VND3,900,442,262).
HOSE
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