NVN: Explanation for business result in Q1/2012 (Parent Company) House Viet Nam Joint Stock Company explained the fluctuation in business result between Quarter 1/2012 and Quarter 1/2011:
- Single-entity financial statements - House Viet Nam Joint Stock Company:
By: VND
No. |
Item |
Quarter 1/2011 |
Quarter 1/2012 |
1 |
Revenue |
12,451,377,273 |
16,466,636,849 |
2 |
Profit after tax |
1,347,814,983 |
1,746,731,783 |
- Consolidated financial statements:
By: VND
No. |
Item |
Quarter 1/2011 |
Quarter 1/2012 |
1 |
Revenue |
12,451,377,273 |
18,271,159,004 |
2 |
Profit after tax |
1,347,814,983 |
859,459,171 |
Reason:
NVN’s revenue depends on the delivery of floors to customers, and in Quarter 1/2011 the number of floors delivered to customers did not achieved as planned while in Quarter 1/2012 it was higher than Quarter 1/2011, so revenue and profit increased more than in Quarter 1/2011.
HOSE
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