Monday, 16/12/2013 15:42

DZM: Explanation for loss in business performance in Quarter 3/2013



On 02/12/2013, Dzi An Manufacturing Public Limited Company announced explanation for loss in business performance in Quarter 3/2013 as follows:

Indicator

Quarter 3/2013

Note

Holding Company

Consolidated

Revenue

28,245,584,254

28,245,584,254

 

Profit after tax

-3,643,596,821

-5,331,593,885

 

- Revenue in Quarter 3/2013 was lower than plan so the Company could not balance operation expenses. Difficult economy made currency flow rotate slowly, interest expense did not decrease as expected. The Company also cut other expenses including administration expense, sale expense but there was no effect right in Quarter 3.

- Production activities of Electric factory in Cambodia met many difficulties and was temporarily stopping operation for repairing and maintaining. Holding company also had to raise provision for this investment in Cambodia. Temporary stop of electric factory also helped the Company to focus finance for business of traditional generators of the Company.

HNX

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