CCM: Explanation for decrease of profit after tax in Quarter 4/2013 year on year
On 20/01/2014, Can Tho
Cement and Mineral Joint Stock Company announced explanation for decrease of
profit after tax in Quarter 4/2013 year on year as follows:
+ Profit after tax in
Q4/2013: VND 1,140,865,790
+ Profit after tax in
Q4/2013: VND 2,888,723,956
+ Decrease: VND 1,747,858,166
Reasons:
1. Decreases of profit:
+ Provision of investment
in Loc Tai Nguyen Mineral JSC: VND 1,109,483,963
+ Provision of investment
in ACAVI Group Company: VND 1,336,971,000
+ Provision of
receivables: VND 145,692,909
2. Increases of income:
+ Profit from short-term
investment: VND 206,878,779
+ Other income from
convertible bonds: VND 360,000,000 HNX
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