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CII: QII/2011 Business explanation

Ho Chi Minh City Infrastructure Investment JSC (HOSE: CII) has announced explanation for profit after tax in quarter 2/2011 losses over VND62 billion, decreased 128% compared with quarter 2/2010.

- CII’ subsidiary and CII’ associate in the period of project implementation should not generate profits, excluded Binh Trieu Bridge Construction JSC, SaiGon Real Estate Investment JSC and Lu Gia Mechanical Company

- During the recent stock market decline has given rise of provision for devaluation of stock investment. This is the reason leading to financial expenses increased over 218% compared with the last same year

- Interest bank high to cost good of sold increased. Financial income decreased over 70% compared with quarter 2/2010.

HOSE

 

 

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CII: QII/2011 Business explanation

Ho Chi Minh City Infrastructure Investment JSC (HOSE: CII) has announced explanation for profit after tax in quarter 2/2011 losses over VND62 billion, decreased 128% compared with quarter 2/2010.

- CII’ subsidiary and CII’ associate in the period of project implementation should not generate profits, excluded Binh Trieu Bridge Construction JSC, SaiGon Real Estate Investment JSC and Lu Gia Mechanical Company

- During the recent stock market decline has given rise of provision for devaluation of stock investment. This is the reason leading to financial expenses increased over 218% compared with the last same year

- Interest bank high to cost good of sold increased. Financial income decreased over 70% compared with quarter 2/2010.

HOSE

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