Vinaconex Xuan Mai Concrete and Construction Joint Stock Co (coded XMC) has released the reviewed financial report for Q1 of 2012.
In details, XMC posted gaining net revenue of 239.7 billion dong, increasing slightly against the same period of 2011. However, the principal sales cost surged by 7.5 percent year-on-year, leading to slump of 27 percent in consolidated profit, to 34.23 billion dong.
The financial revenue declined by 56.4 percent over Q1 last year to 0.45 billion dong, while financial costs up 65 percent and sales costs up 15.5 percent.
As a result, the company suffered loss of 8.07 billion dong, in comparison with profit of 7.19 billion dong in the same period of 2011.