BCE: Explanation for business result in QI/2012

Binh Duong Construction and Civil Engineering Joint Stock Company explained the fluctuation in profit after tax of Quarter I/2012 compared to Quarter I/2011:

By: VND

No.	Item	Quarter I/2012	Quarter I/2011	Difference
				VND	%
1	Net revenue	173,564,355,324	188,790,356,399	(15,226,001,075)	-8.07%
2	Profit	13,878,903,920	18,402,765,706	(4,523,861,786)	-24.58%
3	Other profit	30,629	959,571,152	(959,540,523)	-100.00%
4	Profit after tax	13,878,934,549	19,362,336,858	(5,483,402,309)	-28.32%
5	Current income tax	3,469,733,637	4,790,584,215	(1,320,850,578)	-27.57%
6	Profit after tax	10,409,200,912	14,571,752,643	(4,162,551,731)	-28.57%

Profit after tax in Quarter I/2012 was only VND10,409,200,912 decreasing VND4,162,551,731 (or -28.57%) compared to Quarter I/2011 because of the following reasons:

BCE’s business activities are mainly in construction of civil, industrial, transport works and real estate business, so incomes are often recorded in Quarter III and Quarter IV every year. Besides, property market has been quiet, products have been sold slowly, so BCE’s’ net revenue in Quarter I/2012 decreased.      

 

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