Tuesday, 09/07/2013 17:25

PVA: Explanation for operating result in Consolidated Financial Statement


On 18/04/2013, PetroVietnam Nghe An Construction JSC explained decrease in profit after tax as follows:

-          Operating result 2011: -VND 2,162,840,454

-          Operating result 2012: -VND 144,868,362,762

-          Decrease: -VND 142,705,522,308

-          Reason for the decrease:

+ Financial crisis and inflation effected seriously operations of some units.

+ Some projects have been halt due to lack of capital.

+ Interest payables increased highly because the Company couldn’t recovery capital from projects to pay original debt for bank.

 

HNX

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