Monday, 20/05/2013 16:52

CMV: Explanation for business result in Q1.2013

Camau Trading Joint Stock Company (CAMEX) has explained the fluctuation in business results in Quarter 1/2013 compared to Quarter 1/2012, according to the Quarter 1/2013 consolidated financial statements:

-         Revenue in Quarter 1/2013 was 1,040,309,165,486 dongs, decreasing 12.49%.

-         Profit before tax in Quarter 1/2013 was 8,947,154,013 dongs, decreasing 29.01%.

-         Reason:

+         Market competition is increasingly fierce.

+         Revenue from commissions decreased.

+         Selling expense and financial expense increased because interest expense in Quarter 1/2013 was 2,948,360,111 dongs, increasing 90.02%.

HOSE

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