Saigon Cable Corporation (CSG) posted a net loss of VND5.5 billion in Q4/2011, versus a net profit of VND18.7 billion a year ago, the firm said in its financial statements posted on the HOSE’s website.
The HOSE-listed company generated net revenue of VND9.1 billion in the quarter, compared to VND8.2 billion over the same period of last year.
The company attributed its loss to lower sales and higher expenses, particularly provisions for financial investments, bad debts and inventories.
Source HOSE
