Basa Co suffers loss of over 3b dong in Jan-March period

The southern bourse-listed Basa Joint Stock Co (coded BAS) announced to suffer loss of over 3 billion dong by the end of Q1, in comparison to profit of 65 million dong in Q1 of 2010.

In addition, the company also posted net revenue of 7.7 billion dong, down 60 percent year-on-year, of which the principal sales cost counted for 9 billion dong, resulting in combined profit of negative 1.4 billion dong.

At the same time, the financial costs rose by 103 percent, management costs up 252 percent, resulting the loss of over 3 billion dong in Q1 of 2011.

The BAS-coded shares were temporarily halted for trading from April 15 due to the company suffered from loss in two consecutive years of 3.72 billion dong (in 2009) and 14.09 billion dong (in 2010).

 

Category: Business