Construction firm suffers loss of 1.48b dong in Q2

The Construction Joint Stock Co No 565 (coded NSN) released the financial reports in Q2 and the first six months of this year after being audited.

Accordingly, in Q2 only, the company’s net revenue was posted at 55.38 billion dong, increasing by 54.3 percent against the same period last year. However, the principal costs counted for 88.7 percent, the company only had consolidated profit of 6.26 billion dong.

Noticeably, the financial costs increased sharply to 5.43 billion dong, up 72.4 percent year-on-year, while revenue was posted at over 9 million dong. Therefore, the company suffered loss of over 5.4 billion dong in financial activities.

After deducting the management costs of about 2.4 billion dong, the company posted net profit of negative 1.55 billion dong. The after tax profit was estimated at 1.48 billion dong, compared to profit in Q2 of 2010 at 1.025 billion dong.

Accumulatively, after the first six months, NSN suffered loss of 1.3 billion dong.

 

Category: Business