Friday, 14/02/2014 15:39

BBC: Explanation for business result in Q4, 2013

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.

HOSE

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