Monday, 09/12/2013 16:32

TTF: Explanation for business results in Q3.2013 (Consolidated FS)

Truong Thanh Furniture Corporation explained the difference in consolidated revenue and profit between Quarter 3/2013 and Quarter 3/2012 as follows:

By: VND million

 

Quarter 3/2013

Quarter 3/2012

Compared

Net revenue

169,064

418,725

-60%

Gross profit

56,083

77,686

-28%

Profit after tax

1,116

12,393

-91%

-         Revenue in Quarter 3/2013 decreased 60% because of restructuring, leading TTF đi not complete progress. Besides, subsidiaries in forest industry have not gained revenue from their products.

-         Gross profit in Quarter 3/2013 decreased 28%

-         Profit after tax in Quarter 3/2013 decreased 91% because revenue decreased strongly and subsidiaries in forest industry have not gained revenue from their products. While TTF had paid interest expense.

HOSE

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