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.
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.
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