Friday, 14/02/2014 15:39

ITC: Explanation for business result in Q4, 2013

Investment and Trading of Real Estate Joint stock Companyexplained business result in Q4/2013 compared to Q4/2012 as follows:

1.       Parent company financial statement:

-         Revenue in Q4/2013 was VND35,412,170,376, decreasing VND16,596,761,449 compared to the same period of 2012.

-         Provision for devaluation of Intresco Tower: VND240,906,686,320

-         Other income decreased VND21,880,583,512

-         There are the main reasons leading to a decrease of more than 10% of profit in Q4/2013 compared to Q4/2012.

2.       Consolidated financial statement:

-         Consolidated profit in Q4/2013 was a loss of VND266,806,171,229, decreased more than 10% compared to the same period of 2012 because the loss from parent company.

HOSE

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