EFI: Explanation for change of over 5% in operating result in QIV- 2009
Education financial investment JSC explained the decrease in operating result in QIV/ 2009 compared to Quarter III/2009 as follows:
No. |
Items |
Quarter IV/2009 |
Quarter III/2009 |
Change |
1 |
Total revenue |
4,163,502,714 |
2,666,444,361 |
1,497,058,353 |
2 |
Total expenses |
3,339,747,871 |
659,433,523 |
2,680,314,348 |
|
Operating expenses |
1,548,435,714 |
90,491,930,954 |
1,548,435,714 |
5 |
Profit after tax |
724,769,613 |
1,665,062,441 |
(940,292,828) |
- Revenue of Quarter IV increased because the Company signed and managed the Building at 25 Han Thuyen of Vietnam Publishing House. Besides, the Company’s financial investment bore fruit.
- Expenses in QIV increased because of the price increase of input including rent, wage, and material expenses. What is more, due to the fall in the stock market, the Company had to set up provision of VND 1,548,435,714 for short-term financial investment.
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