Bibica Corporationexplained business result in Q4/2013 compared to Q4/2012 as follows:
1. Parent company financial statement:
-
Profit after tax in Q4/2013 increased
VND10,349,516,192, equivalent to 9% compared to the same period of 2012 because
net revenue increased by 36%, ratio of selling expenses to net revenue only
increased by 3%, ratio of cost of goods sold to net revenue decreased by 1.9%
and general and administrative expenses in Q4/2013 decreased VND4,432,161,638
compared to Q4/2012.
2. Consolidated financial statement:
-
Profit after tax in Q4/2013 increased
VND11,666,332,829, equivalent to 67% compared to the same period of 2012
because:
+
Net revenue in Q4/2013 increased by 28% compared
to Q4/2012 while ratio of selling expenses to net revenue only increased by 3%
because company adjusted the sale policy to increase sales growth.
+
Cost of sales in Q4/2013 decreased by 3% compared
to Q4/2012.
+
General and administrative expenses in Q4/2013
decreased VND4,572,370,820, equivalent to 30% compared to Q4/2012.
