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Wednesday, 12/09/2012 17:37

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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