Thursday, 28/02/2013 16:25

SAM: Explanation for consolidated business result in Q4/2012

Sacom Development and Investment Corporation has explained business result in Q4/2012 as follows:

Items

Quarter 4/2012

Quarter 4/2011

Comparative

Revenue

154,660,616,979

284,590,635,868

54.34%

Profit after tax

-6,002,348,486

-76,652,749,997

 

Loss after tax in Quarter 4/2012 was VND6,002,348,486 because the company made a provision for financial investment of VND63,834,434,151 in Quarter 4/2011. Because the company changed consolidated method, leading to profit decreased VND34,572,169,790. But profit in Single – entity financial statements from investment shares was VND22,344,000,000.

HOSE

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