SD9: Business operational explanation
SD9: Business operational explanation
According to the Financial Statement QIII/2011, the profit after tax decreased over 52% in compare to QIII/2010 and the profit after tax of accumulated of first 9 months of 2011 decreased 52% compared with the same period of 2010. Song Da No.9 JSC (HNX: SD9) explained the decrease in operating result in QIII/ 2011 as follows:
- In first 9 months of 2011, the investment reclaim was slow, beside of high rate of banking interest that caused borrow expenses increase;
- There are no tax-deductible in 2011;
- The profit from associates decreased.
HNX