Real estate trader suffers loss of 14b dong in Jan-March period

27-Apr-2011 Intellasia | Vietstock | 8:42 PM Print This Post

The southern bourse-listed Phat Dat Real Estate Development Joint Stock Co (coded PDR) revealed to suffer loss of 14 billion dong in the first three months of 2011 due to the fact that the company hasn’t added revenue from The EverRich 2 project yet, although the company has already been selling the apartments in The EverRich2 project.

In details, the company posted Q1 revenue of 2.5 billion dong, equalling to 2 percent against the same period last year of 164 billion dong.

In Jan-March period, the company only calculated revenue from leasing offices at No 131 Nguyen Trai St, and parking fees in the basements under The EverRich 1 project.

Meanwhile, in Q1 of 2010, the company reported revenue to be gained from selling 50 offices in The EverRich 1 project, leasing fees and transferring fees with total value of 164 billion dong.

 


Category: Business

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