Wednesday, 24/07/2013 17:19

SAM: Explanation for business result in Quarter 2/2013

SACOM Development and Investment Corporation explained the fluctuation in business result between Quarter 2/2013 and Quarter 2/2012 as follows:

By: VND

Item

Quarter 2/2013

Quarter 2/2012

Comparison

Revenue

         440,168,582

   179,440,374,148

0.25%

Profit after tax

   20,116,469,543

   113,964,370,417

17.65%

-         Revenue did not arise highly because from July 01, 2011, SACOM Development and Investment Corporation changed its organizational model and transfer all business activities of cables and telecommunication materials to subsidiary SACOM Wires and Cables Company Limited.

-         Profit after tax in Quarter 2/2012 was higher than in Quarter 2/2013 because the Corporation sold Dien Bien Phu project worth VND178,376,000,000.

HOSE

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