CLG: Explanation for business result in Quarter 1.2013 (Parent Company) Cotec Investment and Land-house Development Joint Stock Company (COTECLAND JSC) explained the fluctuation in revenue and profit of Quarter 1/2013 compared to Quarter 12012 as follows:
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By: VND
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Year
2012
(audited)
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Quarter
1/2012
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Quarter
1/2013
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Difference between two quarters
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Net revenue
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143,666,225,685
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12,521,206,344
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82,329,659,474
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588%
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Gross profit
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44,624,744,368
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3,178,122,437
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13,094,319,765
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312%
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Net profit
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11,138,381,484
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1,288,690,949
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2,451,377,787
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90%
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Net revenue in Quarter 1/2013 was VND82,329,659,474, increasing 558%
compared to the same period of 2012, leading to gross profit in Quarter 1/2013
increased 312% and net profit increased 90%.
HOSE
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