NVC: Explanation for difference in profit after tax QI.2013
(17/06/2013) Nam Vang JSC explained difference in profit after tax QI.2013 as follows:
Unit: billion VND
Indicators
QI.2013
QI.2012
Difference
Net revenue
42.5
335.7
-293.2
Gross profit
1.2
3.1
-1.8
Financial expenses
11.6
12.6
-0.971
Profit before tax
-12.7
-9.4
-3.3
Explanation:
- No selling of goods
- Decrease of steel price
- Decrease in revenue
- Failure to cover this year’s financial expenses (bank interest) due to failure to make payment of ex-contracts leading to overdue interest rate of 21.3%/year.
HNX
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