Wednesday, 11/12/2013 15:53

NBB: Explanation forparent company business result in Q3, 2013

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

By: VND

No.

Item

Q3/2013

Q3/2012 (adjusted)

Difference

%

1

Net revenue

14,142,992,472

141,173,968,985

(127,030,976,513)

-90

2

Profit after tax

(16,892,353,421)

45,210,124,396

(62,102,477,818)

-137

-         Net revenue and profit after tax in Q3/2013 decreased by 90% and 137% respectively compared to the same period of 2012 because:

+         Hung Vuong project was transferred successfully to Lotte Vietnam Company at the value of VND91.58 billion in Q3/2012, causing revenue and profit in Q3/2012 increased dramatically.

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

HOSE

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