Monday, 25/11/2013 09:57

HDG: Explanation forconsolidated business result in Q3, 2013

Ha Do Group Joint Stock Companyexplained business result in Q3/2013 compared to Q3/2012 as follows:

No.

Item

Q3/2013

Q3/2012

(%) Increase (Decrease)

1

Net sales

313,280,475,445

335,900,529,137

-7%

2

Cost of sales

249,624,468,992

309,031,088,844

-19%

3

Financial income

(2,184,685,530)

2,978,267,374

-173%

4

Financial expenses

(1,636,431,612)

1,265,560,327

-229%

5

Other incomes

1,385,117,580

620,761,360

123%

6

Other expenses

846,623,396

572,586,298

48%

7

Profits from associated companies

846,478,567

(1,463,056,917)

158%

8

Profit after tax

36,761,080,385

11,271,556,405

226%

-         Profit after tax in Q3/2013 increased by 226% compared to Q3/2012 because:

+         Although net sales decreased by 7%, cost of sales decreased sharply by 19%. Sales and cost of sales were recorded from housing project for officers and border guards at Nguyen Van Cong Street, Go Vap District, Ho Chi Minh City.

+         Financial expenses decreased significantly because of the decrease of interest rate.

HOSE

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