Innovative Technology Development Corporation announced the resolution of the Board of Directors dated August 28, 2012:
Article 1: The Board of Directors approved to change
the new fiscal year. Accordingly, financial statement (parent
company and consolidated) in Quarter 1/2012 was changed in the new fiscal year from April 01, 2012 to June 30, 2012.
Article 2: The Board of Directors approved business
activities
-
Because of economic difficulties, interest expenses
rose highly. Although business result was not plan business, the company
control expenses and had plan for reserve.
-
Quartz
Mechanical & Electrical
Corporation - QMC (QMC
is subsidiary of Innovative
Technology Development Corporation). From April 01, 2012 to June 30, 2012, business result of QMC was
not good. Revenue of QMC was VND20,996,869,014. Loss of QMC was VND487,476,157
because of economic difficulties . The Board of
Directors approved plans for support QMC
Article 3: This
resolution takes effect from August 28, 2012.
