Wednesday, 20/11/2013 10:46

ITA: Explanation for consolidated and parent company business result in Q3, 2013

Tan Tao Investment and Industry Corporation explained business result in Q3/2013 compared to Q3/2012 as follows:

Parent company financial statement: Company transferred profits from subsidiaries to have enough money for issuing bonus shares of 5% from share premium and dividend of 5% from undistributed profit after tax in Q3/2013. Besides, company received dividends from long-term investments. There are the main reasons causing the increase in profit after tax of parent company.

Consolidated financial statement: Companies in Industrial Park have not expanded production and business activity because the real estate market would still be difficult in this period. Therefore, revenue and profit in Q3/2013 of ITA decreased compared to the same period of 2012.

 

HOSE

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