VHG: Explains VND13Bln Net Loss in Q4/2011

The firm attributed its loss to a 30.57% on year fall in its consolidated revenue due the rainy weather, a 61.14% fall in profit margin and the loss of VND5.7 billion in financial acitivites in the period.

The HOSE-listed company generated net revenue of VND54.4 billion in the quarter, compared to VND78.3 billion over the same period of last year.

In 2011, the firm posted VND27.96 billion net loss on VND247.7 billion revenue, versus VND16.9 billion net profit and VND301.5 billion net revenue a year earlier.

The company had total assets of VND536.5 billion at the end of the quarter, against VND539.9 billion at the beginning of this year.