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Mar 1, 2011

Ninh Van Bay suffers Q4 loss of 12.68bln dong

VNStockNews.com - Ninh Van Bay Real Estate & Tourism Joint Stock Co (coded NVT) announced to gain Q4 revenue of sales and services of 38.7 billion dong, declining by 75 percent year-on-year, raising the accumulative revenue to 234.2 billion dong, up 17 percent.


The company's financial revenue was estimated at 2.57 billion dong, down 57 percent against that of Q4 of 2009, while the whole year financial revenue of 9.5 billion dong, increasing by 53 percent year-on-year.

NVT's financial cost counted for 17.5 billion dong, compared to that of 2009 of over 1 billion dong, meanwhile the company's enterprise management cost in Q4 was posted at over 18 billion dong, about 3.3 times higher than that of last year, raising the whole year cost of 66 billion dong, 11.5 times higher.

Therefore, the company's Q4 pre-tax profit was posted at negative 7.53 billion dong, in comparison with that of last year of 8.8 billion dong. However, for the whole year, the company's pre-tax profit rose by 463 percent year-on-year to 52.7 billion dong, but only fulfilling 24 percent of the targeted year plan of 220 billion dong.

The Q4 after tax profit of the parent company's shareholders was posted at negative 12.68 billion dong, but whole year profit of 17.54 billion dong, up 156 percent against that of last year.

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