DXP: Explanation for the difference in profit after tax of Q.IV/2013 year on year
On 15 January
2014, Doan Xa Port JSC explained the difference in profit after tax of Q.IV/2013
year on year as follows:
The profit
after tax of Q.IV/2013 decreased by VND 8,820,774,067, equivalent to 39.73%
compared to Q.IV/2012. Profit after tax of Q.IV/2013 was VND 13,380,207,047;
Profit after tax of Q.IV/2012 was VND 22,200,981,114.
Reasons:
- The amount
of goods through the port in Q.IV/2013 decreased by 2,155 TEU, equivalent to
3.52% compared to Q.IV/2012
- The
structure of goods changed: the amount of export goods decreased by 2,150 TEU,
equivalent to 11.09% compared to Q.IV/2012
- The
detention time of cold storage containers at the port was short, which caused
the revenue from the depot business of Q.IV/2013 to fall by VND 16,611,495,864,
equivalent to 70.98% compared to Q.IV/2012
- The financial
revenue of Q.IV/2013 decreased by VND 1,503,477,111, equivalent to 49.41%
compared to Q.IV/2012. Main reason was the decrease in interest rate of
Q.IV/2013 and no dividend distribution for the shares the Company is holding. HNX
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