Hoang Long Group explained the difference in the parent company’s business results between Quarter 4/2013 and Quarter 4/2012 as follows:
-
Profit after tax in Quarter 4/2012: -VND12,194,737,723
-
Profit after tax in Quarter 4/2013: -VND63,604,743,376
-
Different: -VND51,410,005,653
-
Therefore, the parent company’s profit after tax in Quarter
3/2013 decreased by VND51,410,005,653 compared to Quarter 4/2012, because the
company made a provision for long term investment and bad debts by
VND59,852,002,504.