KDH: Explanation forconsolidatedand parent company business result in Q3, 2013
Parent company’s and consolidated profit decreased more than 10% compared to the same period of 2012. Khang Dien House Trading and Investment Joint Stock Companyexplained as follows:
- Khang Dien House Trading and Investment Joint Stock Company transferred total of 99.99% value of capital in Doan Nguyen House Investment Co., Ltd because: + Doan Nguyen Project has a large condominium area. It takes around VND1000 billion to complete while condominium inventory was very high in present. Therefore, this project will put the capital of the company under pressure. + Products of this project worth from VND4 to VND8 billion. Therefore, the project may be not feasible in the tough economy. + The transfer of this project leads to the decrease of interest expenses. + Total money from the transfer was invested in the new project at priority infrastructure area of District 9. This project could be implemented immediately. This project has a reasonable product price of VND2 billion.
- Khang Dien House Trading and Investment Joint Stock Company transferred total of 99.99% value of capital in Doan Nguyen House Investment Co., Ltd because:
+ Doan Nguyen Project has a large condominium area. It takes around VND1000 billion to complete while condominium inventory was very high in present. Therefore, this project will put the capital of the company under pressure.
+ Products of this project worth from VND4 to VND8 billion. Therefore, the project may be not feasible in the tough economy.
+ The transfer of this project leads to the decrease of interest expenses.
+ Total money from the transfer was invested in the new project at priority infrastructure area of District 9. This project could be implemented immediately. This project has a reasonable product price of VND2 billion.
HOSE
> JVC: Explanation forconsolidated business result in Q2,2013 and Q3, 2013 (19/11/2013)
> SRF: Explanation forconsolidated business result in Q3, 2013 (19/11/2013)
> PVA: Financial Statement Quarter 3/2013 (Consolidated) (19/11/2013)
> PVX: Financial Statement Quarter 3/2013 (holding company) (19/11/2013)
> PVX: Financial Statement Quarter 3/2013 (Consolidated) (19/11/2013)
> PSG: Financial Statement Quarter 3/2013 (holding company) (19/11/2013)
> LTC: Financial Statement Quarter 3/2013 (consolidated) (19/11/2013)
> PSG: Financial Statement Quarter 3/2013 (Consolidated) (18/11/2013)
> CAN: Change in the Business Registration Certificate (18/11/2013)
> SJE: Financial Statement Quarter 3/2013 (18/11/2013)