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DIG: Explanation for consolidated and parent company business result in Q3, 2013 Development Investment Construction Joint Stock Corporation explained business result in Q3/2013 compared to Q3/2012 as follows:
* Parent company business result:
|
Item
|
Q3/2013
|
Q3/2012
|
Difference
|
|
Net
revenue
|
93,972,494,477
|
7,972,356,463
|
1,078.73%
|
|
Cost
of sales
|
87,089,907,018
|
4,355,633,134
|
1,899.48%
|
|
Gross
profit
|
6,882,587,459
|
3,616,723,329
|
90.3%
|
|
Financial
income
|
6,161,072,120
|
8,344,148,879
|
-26.16%
|
|
Financial
expenses
|
921,766,020
|
540,835,300
|
70.43%
|
|
-In which: interest
expenses
|
361,988,169
|
419,950,907
|
-13.8%
|
|
Profit
after tax
|
4,852,524,351
|
2,592,948,599
|
87.14%
|
Profit
after tax in Q3/2013 increased by 87.14% compared to Q3/2012 because the
revenue increased dramatically. There are two main reasons for this increase:
DIC Corp transferred successfully DIC Mart Supermarket, construction and
installation revenue from Ba Ria Hospital increased dramatically because DIC
Corp boosted progress of work to complete at the end of the year.
* Consolidated
business result:
|
Item
|
Q3/2013
|
Q3/2012
|
Difference
|
|
Net
revenue
|
202,576,684,162
|
175,869,919,679
|
15.19%
|
|
Cost
of sales
|
170,486,027,598
|
138,472,242,088
|
23.12%
|
|
Gross
profit
|
32,090,656,564
|
37,397,677,591
|
-14.19%
|
|
General
and admin expenses
|
14,829,132,515
|
17,423,123,483
|
-14.89%
|
|
Financial
expenses
|
3,381,829,952
|
13,227,165,666
|
-74.43%
|
|
-In which: interest
expenses
|
2,820,894,213
|
12,642,561,613
|
-77.69%
|
|
Profit
after tax
|
951,141,863
|
-5,596,055,082
|
117.00%
|
Profit
after tax in Q3/2013 increased by 117% compared to Q3/2012 because the
financial expenses of subsidiaries decreased sharply. Besides, DIC Corp and its
subsidiaries have implemented restructuring to cut general and admin expenses.
HOSE
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