Monday, 16/07/2012 17:03

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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