NVN: Explanation for business result in Q3, 2013 House Vietnam Joint Stock Company explained business result in Q3/2013 compared to Q3/2012 as follows:
-
Single-entityfinancial
statement Q3/2013:
No.
|
Item
|
Q3/2013
|
Q3/2012
|
1
|
Net
revenue
|
1,604,012,694
|
29,384,600,000
|
2
|
Profit
after tax
|
(1,294,983,061)
|
(2,412,078,343)
|
-
Consolidated
financial statement Q3/2013:
No.
|
Item
|
|
|
1
|
Net
revenue
|
4,282,038,719
|
31,009,051,216
|
2
|
Profit
after tax
|
(1,136,116,887)
|
(2,620,274,631)
|
-
Reasons:
+
Because
the real estate market has continued to suffer difficulties, company could not
hand over project to customers and record the revenue in Q3/2013. The revenue
in Q3/2013 was from construction activities.Expenses increased VND9,166,780,165
because company changed the record of interest expenses
to business results in Q3/2013.
HOSE
|