PVA: Explanation for operating result in Consolidated Financial Statement
On 18/04/2013, PetroVietnam Nghe An Construction JSC explained decrease in profit after tax as follows:
- Operating result 2011: -VND 2,162,840,454
- Operating result 2012: -VND 144,868,362,762
- Decrease: -VND 142,705,522,308
- Reason for the decrease:
+ Financial crisis and inflation effected seriously operations of some units.
+ Some projects have been halt due to lack of capital.
+ Interest payables increased highly because the Company couldn’t recovery capital from projects to pay original debt for bank.
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