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CCL: Explanation for business result in Quarter 4/2013 Cuu Long Petro Urban Development and Investment Corporation explained the fluctuation in profit after tax of Quarter 4/2013 compared to Quarter 4/2012 as follows:
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By: VND
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No.
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Item
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Quarter 4/2013
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Quarter 4/2012
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Percentage
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Decrease ratio (%)
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1
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Total
revenue
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8,483,910,568
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14,517,098,097
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58.44%
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41.56%
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2
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Total
expense
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7,982,651,523
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12,950,250,963
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61.64%
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38.36%
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3
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Profit
before tax
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501,259,045
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1,566,847,134
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31.99%
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68.01%
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4
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Profit
after tax
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400,440,444
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1,368,571,926
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29.26%
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70.74%
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Reason: The real estate market was still sluggish. This
affected the Corporation’s business. Real estate sales in Quarter 3/2013 decreased
compared to the same period last year. Total revenue decreased 41.56% compared
to Quarter 4/2012, although the Corporation saved some expenses, its profit was
still lower than Quarter 4/2012.
HOSE
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