Friday, 25/10/2013 00:00

CSC: Explanation for loss in profit after tax of holding company


Thanh Nam Construction and Investment JSC explains the loss in audited Consolidated FS 2012 as follows:

1.     According to the audited Consolidated Financial Statement 2012, the profit after income tax of holding company was loss : - VND 746,895,323 because:

-       Due to the general situation of the economy, the revenue decreased year on year.

-       Some constructions handed over to investor were being in balancing process led to high financial expenses.

2.     Solution: The Board of Director and Management Board supervised the payback from above constructions to reduce the interest expenses from credit organizations.

HNX

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