Monday, 08/04/2013 16:07

SJS: Explanation for loss in 2012

Song Da Urban & Industrial Zone Investment and Development JSC. (SJS) has explained business results in 2012 as follows:

In 2012, economic difficulties, special difficulties in real estate market leading to SJS only invested in the projects such as Nam An Khanh, Van La Van Khe. Therefore SJS had not revenue to compensate for the loss from its expenses.

SJS made provision for its financial investments (The provision of VND145 billion for diminution in value of investments in the company’s real estate projects last year.)

HOSE

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