IVS: Explains Net Profit Fall By 72pct YoY to VND184.83Mln in Q2/2012 on Low Revenues
Vietnam Investment Securities JSC (IVS) posted its net profit fall by 72 percent from a year ago to VND184.83 million in Q2/2012 from VND654.2 million in Q2/2011. The firm said in its financial statement sent to HNX’s website on July 19, 2012.
The firm generated VND8.86 billion revenues in Q2/2012, down 22.5 percent on year from VND11.43 billion in Q2/2011.
The company had VND219.25 billion assets by June 30, 2012, versus VND195.4 billion at the beginning of the year.
The firm made VND1.19 billion net profit on VND16.62 billion revenues in H1/2012, higher than VND1.17 billion net profit on VND22.55 billion revenues in H1/2011.
The firm attributed its net profit fall by 72 percent on year in the quarter mainly due to low revenues and sluggish stock market.
At closing time today, IVS was traded up 3.64 percent at VND5.700/share or trailing P/E at 544.03. The StoxPlus data showed.
Category: Business
