Friday, 21/02/2014 14:44

DIG: Explanation for parent company and consolidated business result in Q4, 2013

Development Investment Construction Joint Stock Corporation explained business result in Q4/2013 compared to Q4/2012 as follows:

1.     Parent company financial statement:

-         Profit after tax in Q4/2013 was VND23,605,105,817 while it was –VND29,242,511,337 because:

+         Growth of revenue increased sharper than growth of cost of goods sold.

+         Financial revenue increased significantly because company transferred 20% of capital contribution in J&D Dai An Co., Ltd. in Q4/2013.

+         Financial expenses, selling expenses, general and admin expenses decreased compared to the same period of 2012.

2.     Consolidated financial statement:

-         Profit after tax in Q4/2013 was VND20,044,315,111 while it was –VND31,912,622,923 because:

+         In Q4/2013, financial expenses in parent company and subsidiaries decreased sharply while financial revenue increased by 76% compared to the same period of 2012.

+         Company had a good control of general and admin expenses when company implemented restructuring of subsidiaries in DIC Group.

HOSE

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