Thursday, 23/01/2014 11:36

SPM: Explanation for business result in Quarter 4, 2013

S,P,M Corporation has explained the fluctuation in the business results between Quarter 4, 2013 and Quarter 4, 2012:

By: million VND

Item

Quarter 4

Year 2013

Quarter 4

Year 2012

Increase(decrease) in value from the same period

%increase(decrease)  from the same period

Net revenue

2,816

6,005

-3,189

-53.1%

Financial income

16,684

4,539

12,145

267.6%

Profit after tax

-9,126

5,713

-14,839

-259.7%

-         Profit in Quarter 4/2013 decreased VND14,839 million (or 259.7%) compared to the same period of 2012 because of the following reasons:

+         Revenue in Quarter 4/2013 lost VND3,189 million (or 53.1%) compared to the same period of 2012.

+         In Quarter 4, 2013, financial expense increased by VND12,145 million dongs (or 267.6%), mainly because the company transferred equity capital to Huu Nghi Engineering JSC lost by 12,250 million dongs

HOSE

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