Thursday, 28/11/2013 09:14

CMV: Explanation forconsolidatedand parent company business result in Q3, 2013

Camau Trading Joint Stock Companyexplained business result in Q3/2013 compared to Q3/2012 as follows:

-         According to parent company financial statement, revenue and profit in Q3/2013 decreased by 6.43% and 28.01% respectively compared to Q3/2012. And according to consolidated financial statement, cumulative revenue and profit in 9 months of 2013 decreased by 3.29% and 23.65% respectively compared to Q3/2012 because:

+         Purchasing power has remained low because of economic downturn.

+         Market share decreased because of fierce competition.

+         The gasoline discount that suppliers give to general agent was low.

+         The commission policy of grocery suppliers decreased.

+         General and admin expenses increased sharply.

HOSE

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