TDH: Explains 88pct Net Profit Plunge to 8b dong in Q4/2011

Thu Duc Housing Development Corporation (TDH) explained its 88 percent on year unconsolidated net profit plunge to VND8.25 billion in Q4/2011 as follows:

The firm attributed its lower profit to lower revenue, higher interest expenses and input costs.

In 2011, the mother firm posted VND42.9 billion net profit on VND349.8 billion net revenue, compared to VND252 billion and VND436.3 billion in 2010, respectively.

The holding company had total assets of VND2.15 trillion at the end of the year, against VND2.14 trillion at the beginning of the year.

 

Category: Business