HU3: Explanation for business results in quarter 1/2013 of parent company
HUD3 Investment and Construction Joint Stock Company has explained business results of parent company in quarter 1/2013 compared with in quarter 1/2012 as follows:
- Profit after tax of parent company in Quarter 1/2013: 87,948,665 dongs, decreasing 74.46% compared to the same period of last year.
- Net revenue from selling and service supply in Quarter 1/2013 was VND31,079,843,827, decreasing 67.36% compared to Quarter 1/2012.
- Revenue and profit in Quarter 1/2013 were less than in Quarter 1/2012 because:
+ The difficulties in real estate market. The projects were finished but sold slowly. Revenue from sales and services decreased and expenses was cut, but financial expense was high.
HOSE
> HU3: Explanation for consolidated business results in quarter 1/2013 (16/05/2013)
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