Wednesday, 06/02/2013 16:28

NVN: Explanation for consolidated business result in Q4/2012

House Viet Nam Joint Stock Company explained the fluctuation in consolidated business result between Quarter 4/2012 and Quarter 4/2011:

By: VND

No.

Item

Quarter 4/2012

Quarter 4/2011

1

Revenue

16,874,648,306

34,725,386,071

2

Profit after tax

-1,460,818,238

-49,104,511,213

Reason:

Interest expenses in 2012 was VND47,472,933,693, leading to financial expenses in Quarter 4/2012 was higher than in Quarter 4/2011.

The liquidation of two land plots leading to a decrease of VND36.45 billion in revenue of the company, and the inefficiency of its subsidiary due to high input costs, promotion and advertisement in the period.

HOSE

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