Monday, 25/11/2013 09:56

STT: Explanation forparent company business result in Q3, 2013

Saigontourist Transport Corporationexplained business result in Q3/2013 compared to Q3/2012 as follows:

Item

Q3/2013

Q3/2012

Difference

Net revenue

9,854,111,747

12,473,342,234

(2,619,230,487)

Profit before tax

(844,665,402)

(57,223,567)

(787,431,834)

Profit after tax

(844,665,402)

(57,223,567)

(787,431,834)

-         Air ticket sales decreased 1,333,280,166. Revenue went down sharply because STT has not exploited the field of international air tickets.

-         Transportation services revenue decreased 1,272,575,858 because the operational capacity of taxi decreased to 87.8% and repair cost increased.

-         Training services has faced difficulties.

-         There are the main reasons causing the decrease of profit in Q3/2013.

HOSE

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