|
L44: Explanation for differences in operating result between QII.2013 and QII.2012
On 18/10/2013, Lilama 45.4 JSC
explained for differences in operating result between QII.2013 and QII.2012 as
follows:
Differences:
- Profit after enterprise income
tax QIII.2012: VND 799,798,891
- Profit after enterprise income tax QIII.2013: VND
160,725,025
- Decrease: VND
639,073,866
Explanation:
Test profile for
new contracts such as A Roang Hydropower Construction, Dong Nai 5 Hydropower
have been made, waiting for the investors to sign so there is no time to
invoice in QIII.2013, the amount is about VND 20 billion
Projects are
focused on completion and settlement works, these works take a lot of time and
the volume of acceptance is low
The completion
and settlement works are slow; the payment procedures extended so the Company
cannot recover capital in time led to the capital expense increased
Because of
difficult economic situation, the investors delayed the deployment of the
contracts signed with the Company
Machinery,
construction means are damaged by the end of projects so the repairing expense
increased; the progress of projects are slow so the employee have to wait for
job but still have to pay for them
Expenses
increased led to the profit decreased accordingly. The revenue reached only
49.72% of plan for QIII.2013.
HNX
|
