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.