TDC: Explanation for business results in quarter 4/2012

Binh Duong Trade and Development Joint Stock Company (TDC) has explained business results in quarter 4/2012 compared to quarter 4/2011 as follows:

By: VND

Financial statement		Quarter 4/2012	Quarter 4/2011	% +/_
1. Financial statement of parent company	Profit after tax	126,257,559,112	90,807,529,421	39%
2.Comprehensive  financial statement	Profit after tax	129,442,046,474	90,447,580,079	43%
3. Consolidated financial statement	Profit after tax	128,450,754,875	88,808,875,159	45%

Reason:

The company has completed building some projects and handed over land and buildings to its customers in the quarter.

Financial statement		2012	2011	% +/_
1. Financial statement of parent company	Profit after tax	138,750,897,588	189,977,204,052	-26.96%
2.Comprehensive  financial statement	Profit after tax	153,345,217,516	191,350,603,359	-19.86%
3. Consolidated financial statement	Profit after tax	157,483,375,919	189,386,555,258	-16.85%

Reason:

The real estate market was still frozen, economic difficulties.

Interest expenses increased strongly because inventories was high

The firm pushed up sale leading to higher selling expenses in the year

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