Friday, 17/01/2014 17:05

HLG: Explanation for business result in Quarter 4/2013 (Parent company)

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.

HOSE

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