HUD3 Investment and Construction Joint Stock Company has explained business results in quarter 2/2012 compared with in quarter 2/2011 as follows:
-
Consolidated profit after tax in Quarter 2/2012: VND1,178,345,834
-
Consolidated profit after tax in Quarter 2/2011: VND12,372,164,690
-
Decreasing: 94%
-
Consolidated net revenue from selling and service supply in
Quarter 2/2012 was VND90,375,314,424, decreasing 51.5% compared to in Quarter
2/2011.
-
Revenue and profit in Quarter 2/2012 was less than in
Quarter 2/2011 because:
+
Economic difficulties, real estate market freeze, products in projects as, 121 project, 123
To Hieu project,
Dong Son New Urban in Thanh
Hoa Province
sold slowly.
+
Although general
and administration expenses decreased 52.7%, financial expenses decreased
51.06% compared to the same period of last year but revenue from
selling and service supply decreased and interest expenses was high.
