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VNI: Explanation for differences in profit in Q3.2012 (parent company)
Viet Nam Land Investment Corporation announced the fluctuation in the profit and loss in Quarter 3/2012 compared to Quarter 3/2011:
Unit: dongs
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Item
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Quarter 3.2012
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Quarter 3.2011
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Difference
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%
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Net
revenue
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98,181,820
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1,349,583,439
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(1,251,401,619)
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(92.72%)
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Profit
before tax
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(899,697,716)
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772,916,393
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(1,672,614,109)
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(216.4%)
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Profit
after tax
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(899,828,868)
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579,687,294
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(1,479,516,162)
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(255.2%)
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Net
revenue from selling and service supply in Quarter 3/2012 was 98,181,820 dongs,
decreasing 92.72% compared to in the same period of last year. Loss before and
after tax was 899,697,716 dongs in
Quarter 3.2012. Reasons:
Difficulties
economic, and slow sales, Real estate market has frozen. Revenue went down
while General and administrative expenses went up, leading to profit before tax
loss compared to the same period of last year.
Loss
after tax due to general and administrative expenses and cost of goods sold
were higher than net revenue from selling and service supply. General and
administrative expenses increased 415,758,488 dongs, leading to profit after
tax in Quarter 3/2012 decreased 255,2% compared the same period of last year.
HOSE
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