MEC: Explanation for change of over 10 percent in consolidated operating result in Quarter IV. 2012
On 18/02/2013, Song Da Someco JSC JSC explained the change in general profit of QIV.2012 compared to QIV.2011
No.
Targets
QIV.2012
QIV.2011
Difference
% change
1
Revenue
62,928,044
150,871,059
-87,943,014
-58%
2
Profit
3,071,895
7,481,914
-4,410,018
-59%
Reason for change:
- Revenue decreased by VND 87.9 billion equaling 58% year on year because some projects have not settled yet.
- Profit decreased by VND 4.4 billion equaling 59% year on year due to decrease in revenue.
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