Phuc Hung Holdings Construction JSC (PHC)’s saw 61% decrease in consolidated net profit to VND11 billion in 2011 from VND28.1 billion in 2010, the firm said in its financial statements posted on HNX’s website.
The holding company generated consolidated revenue of VND750.7 billion last year, versus VND843.4 billion in the previous year.
In Q4/2011, PHC made VND3.5 billion consolidated net profit on VND202 billion revenue, compared to VND17.7 billion and VND407.5 billion a year before, respectively.
The firm had total assets of VND676.9 billion at the end of quarter, against VND725.3 billion at the beginning of this year.
Source HNX
