FDG: Explanation for business result in Q4, 2013

Dong Thap Trading Corporation explained business result in Q4/2013 compared to Q4/2012 as follows:

1.     Parent company financial statement:

-         Profit after tax in Q4/2013: -VND74,789,380,024

-         Provision for investments in Q4/2013 appropriated is VND58,934,240,956 because subsidiaries performed inefficiently.

-         Catfish price did not increase in Q4/2013.

-         The intense competition in the rice market .

2.     Consolidated financial statement:

-         Consolidated profit after tax in Q4/2013: -VND20,774,918,359

-         Gross margin ratio in Q4/2013 is 4.88%, decreasing sharply compared to Q4/2012.

-         Cost of goods sold increased while price decreased because of the intense competition among peer companies.

-         Although general and admin expenses in Q4/2013 decreased significantly, gross profit did not offset expenses.  

HOSE

>   PID: Financial Statement Quarter 4/2013 (19/02/2014)

>   SD2: Notice of record date for General Meeting of Shareholders 2014 (19/02/2014)

>   SVC: The Record Date for Annual General Meeting 2014 (19/02/2014)

>   TCL: The Record Date for Annual General Meeting 2014 (19/02/2014)

>   TNA: Business result in the first month of 2014 (19/02/2014)

>   HAG: Explanation for business results in Quarter 4.2013 (Separate FS) (19/02/2014)

>   HAG: Explanation for business results in Quarter 4.2013 (Consolidated FS) (19/02/2014)

>   SDU: Notice of record date for General Meeting of Shareholders 2014 (19/02/2014)

>   STC: Notice of record date for General Meeting of Shareholders 2014 (19/02/2014)

>   MIC: Financial Statement Quarter 4/2013 (19/02/2014)