Monday, 25/11/2013 09:56

NBB: Explanation forconsolidated business result in Q3, 2013

577 Investment Corporationexplained business result in Q3/2013 compared to Q3/2012 as follows:

No.

Item

Q3/2013

Q3/2012

Difference

%

1

Net revenue

28,412,877,906

815,941,605,471

(787,528,727,565)

-97%

2

Profit after tax

1,260,272,712

156,647,844,910

(155,387,572,199)

-99%

-         Net revenue and profit after tax in Q3/2013 decreased by 97% and 99% respectively compared to the same period of 2012 because:

+         Carina project was handed over in Q3/2012 and Hung Vuong project was transferred successfully to Lotte Vietnam Company in Q3/2012, causing revenue and profit in Q3/2012 increased dramatically.

+         BOT Phan Rang-Thap Cham By-pass Roadwas in the final stage so that construction revenue in Q3/2013 decreased sharply compared to Q3/2012.

HOSE

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