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DIC: Explanation for consolidated and parent company business result in Q3, 2013 Dic Investment And Trading Joint Stock Company explained business result in Q3/2013 compared to Q3/2012 as follows:
1.
Parent company business result:
|
Item
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Q3/2013
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Q3/2012
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Difference
|
|
Net revenue
|
473,721,636,038
|
157,660,196,687
|
200%
|
|
Profit after tax
|
1,796,265,675
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2,179,214,416
|
-18%
|
-
Profit after tax decreased by 18% because the
growth rate of cost of sales was higher than that of revenue.
2.
Consolidated business result:
|
Item
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Q3/2013
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Q3/2012
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Difference
|
|
Net revenue
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765,486,788,733
|
164,712,148,432
|
365%
|
|
Profit after tax
|
11,038,228,634
|
2,359,812,391
|
368%
|
-
Profit after tax in Q3/2013 increased
dramatically compared to the same period of 2012. The main reason is the
contribution of Minh Phong Trading Transportation Corporation which DIC hold
51% equity. Parent company and its subsidiaries in Da Lat, Da Nang operated ineffectively. Export
activity of Clinker of parent company has been facing challenges because of the
increase of domestic Clinker’s price.
HOSE
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