TDC: Explains Consolidated Net Profit Plunge in Q1/2012

09-Jun-2012 Intellasia | STC | 7:01 AM Print This Post

Binhduong Trade and Development Joint Stock Company (TDC) explained an 82 percent on year plunge in its consolidated net profit to VND3.5 billion in Q1/2012 as follows:

The firm mainly attributed its lower net profit to the frozen real estate market (leading to a 122 percent on year fall in its operating profit).

Its consolidated net profit was VND2.57 billion higher than the net profit of its mother company because unrealised profit in the inventories in late 2011 was recovered in Q1/2012.

 


Category: Business

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