TTF: Explanation for business results in Q3.2013 (Parent company)
Truong Thanh Furniture Corporation explained the difference in revenue and profit of parent company between Quarter 3/2013 and Quarter 3/2012 as follows:
By: VND million
Quarter 3/2013 Quarter 3/2012 Compared Net revenue 250,390 507,843 -51% Gross profit 39,779 52,894 -25% Profit after tax 850 9,767 -91% - Revenue in Quarter 3/2013 decreased 51% because of restructuring, leading TTF do not complete progress. - Gross profit in Quarter 3/2013 decreased 25% - Profit after tax in Quarter 3/2013 decreased 91% because revenue decreased strongly.
Quarter 3/2013
Quarter 3/2012
Compared
Net revenue
250,390
507,843
-51%
Gross profit
39,779
52,894
-25%
Profit after tax
850
9,767
-91%
- Revenue in Quarter 3/2013 decreased 51% because of restructuring, leading TTF do not complete progress.
- Gross profit in Quarter 3/2013 decreased 25%
- Profit after tax in Quarter 3/2013 decreased 91% because revenue decreased strongly.
HOSE
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