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IDV: Explanation for the operating result of Q.II/2013
(17 September
2013) Vinh Phuc Infrastructure Development JSC explained the operating result of
Q.II/2013 as follows:
There are two
main reasons for the decrease of profit after tax of first 6 months of 2013
compared to the same period of 2012:
-
Stop loss for 207,000 shares (code: L18), equal to
3.31 billion dongs
-
Liquidate the land re-leasing contract No. 46/10 dated
01 October 2010 and capital contribution contract for building workshops for
rent No.01/10 dated 28 October 2010 at Khai Quang Industrial Park between Vinh
Phuc Infrastructure Development JSC and Vinh Son Trading and Construction JSC
with the loss of 2.45 billion dongs.
The above
activities mainly focused on Q.II/2013. In Q.II/2013, we handled the following:
1. The income
from selling 130,000 shares of L18 was VND 1,092,000,000. The prime cost was
VND 3,218,308,332; the loss was VND 2,126,308,330.
2. Liquidate
the land re-leasing contract No. 46/10 dated 01 October 2010 and capital
contribution contract for building workshops for rent No.01/10 dated 28 October
2010 at Khai Quang Industrial Park between Vinh Phuc Infrastructure Development
JSC and Vinh Son Trading and Construction JSC, which caused the loss of VND
2,452,464,420.
These are two
main reasons for the loss of VND 862,060,759 presented on the Company’s
consolidated financial statement. HNX
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