SRA: Explanation for the change of over 10% in operating result in QII.2012 compared to QII.2011
According to the Financial Statement Quarter II/2012, profit after tax of Quarter II/2012 decreased more than 10% year on year. Sara Vietnam JSC explained the decrease in operating result in Quarter II/2012 of holding company as follows:
- Profit after tax
+ QII/2012: -VND661,959,002
+ QII/2011: -VND1,471,860,586
+ Difference: VND809,901,584
Rate: -55.03%
- Explanation:
In QII/2011, the company transferred the right of investment in Project 13/10. In QII/2012, the company invested in projects. Thus, the revenue decreased sharply compared to QII/2011. The revenue of QII/2011 came primarily from financial activities and software services, website designer. Current economic situation affects to investment and operation of the company.
HNX
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