MEC: Explanation for change of over 10 percent in operating result Quarter II/2012
According to the Financial Statement Quarter II/2012, the operating results changed by more than 10% year on year. Song Da Someco JSC explained the increase in operating result in Quarter II/2012 as follows:
Unit: VND million
No.
Items
QII/2012
Qii/2011
Change
% change
1
Revenue
77,242,104
108,238,164
-30,996,060
-28.6%
2
Profit
3,682,865
-208,725
3,891,590
1.864%
Reasons:
- The revenue decreased by VND30,996 billion. Due to the specifics of construction domain, in QII/2012, some constructions in progress have not been paid yet.
- The profit increased by VND3.8 billion due to decrease of interest expense and cost of goods sold.
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