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Thursday, 16/08/2012 15:20

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.

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