HBE: Holding Company Explains Net Loss Up 20pct YoY to 108.45m dong in Q2/2012 on Other Revenues Decrease- UPDATE
Ha Tinh Book and Equipment Education JSC. (HBE) holding company posted net loss of VND108.45 million in Q2/2012, up 220 percent on year. The firm said in its financial statement sent to HNX’s website on July 24.
The company generated VND17.9 billion revenues in the second quarter this year, up 27.77 percent on year.
The firm had total VND50.55 billion assets by end of June 2012, versus VND39.25 billion at the beginning of the year.
In H1/2012, the firm made VND119.58 billion net loss on VND20.84 billion revenues, compared with VND79.64 million net loss on VND18.02 billion revenues a year ago.
On August 8, Ha Tinh Book and Equipment Education JSC. (HBE) sent a file to HNX website, explaining its net profit increase in the second quarter of 2012 due to low other revenues. Details as follow:
– Loss from business operation: In Q2/2011 the firm suffered VND151,442,844 loss
In Q2/2012 the firm suffered VND158,446,549 loss, up 4.6 percent on year.
– Other revenues: In Q2/2011 the firm had total VND117,507,428 revenues
In Q2/2012 the firm had total VND49,993,203 revenues, down 42.5 percent on year.