Wednesday, 19/02/2014 16:26

FCN: Explanation for business result in Q4, 2013

Fecon Foundation Engineering and Underground Construction Joint Stock Company explained business result in Q4/2013 compared to Q4/2012 as follows:

1.     Parent company financial statement:

-         Profit after tax in Q4/2013 increased by 15% compared to the same period of 2012 because of the completion of many large projects.

2.     Consolidated financial statement:

-         Profit after tax in Q4/2013 increased by 24% compared to the same period of 2012 because

-         Revenue in Q4/2013 increased by 44% compared to Q4/2012.

-         Financial expense in Q4/2013 decreased by 72.2% compared to Q4/2012.

-         Profit from associated companies in Q4/2013.

HOSE

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