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10-11-2009 06:46 PM #1
HAG: Explanation for the business result in quarter 3/2009
HAGL Joint Stock Company (HAG: HAGL) has explained the business result of quarter 3/2009 compared with quarter 2/2009 as follow:
* Profit before tax of quarter 3/2009: 480,547,250 thousand dongs
* Profit before tax of quarter 2/2009: 412,109,996 thousand dongs
* Profit of quarter 3/2009 increased 16.6% compared with quarter 2/2009.
Reasons:
* The company sold out 996 apartments of Hoang Anh Anh Tien Project at Nguyen Huu Tho St., Nha Be Dist., HCMC. for Union JSC-Bank for Investment and Development of Vietnam (BIDVUC).
* The economic has been rehabilitated and the business activities were better than in quarter 2/2009.
* The result of selling apartments reached 985.3 billion dongs and increased 9% in comparison with that in quarter 2/2008 (903.4 billion dongs). Moreover, revenue from other products was VND123.5 billion and increased 50.8% in comparison with that in quarter 2/2008 (81.9 billion dongs).
* Other business activities happen normally without fluctuation.Watch your thoughts, they become words.
Watch your words; they become actions.
Watch your actions; they become habits.
Watch your habits; they become character.
Watch your character; it becomes your destiny.
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