Construction firm posts loss after audit
06-06-2012 12:48:32+07:00
Construction firm posts loss after audit
Construction firm Song Da 25 (SDJ) was found to come away with losses last year after two audits. From the profit of VND2.7 billion (US$128,500) it recorded in the release of an initial financial statement, the profit dropped to VND851 million ($40,500) after the first audited version. After the additional audit report, the company posted a loss of VND7.4 billion ($352,300).
The main reason for the differences was the change in corporate governance cost from VND9.04 billion ($428,500) to VND19.04 billion ($904,700).
The Ha Noi Stock Exchange has put a warning on the stock since Thursday due to this calculation.
vietnamnews
