Tuesday, 18/02/2014 16:56

PIT: Explanation for business result in Q4/2013

Petrolimex International Trading Joint Stock Company has explained business result between quarter 4/2013 and quarter 4/2012 as follows:

1.     Consolidated financial statement:

+         Profit before tax in quater 4/2013: -VND1,504,228,080

+         Profit before tax in quater 4/2012: VND161,308,027

+         Decreasing: -VND1,665,536,107

-          Reason:

+         Gross profit increased VND14,432,972,272 because net revenue increased VND246,958,745,190 and cost of goods sold increased VND232,525,772,918.

+         Financial incomes increased VND110,823,844

+         Financial expenses increased VND4,376,729,876

+         In Quater 4/2012 the firm deley provision for devaluation of stocks VND4,224,229,264

+         Selling expenses increased VND8,887,762,891 and administrative decreased VND1,588,667,550.

+         Other profit decreased VND309,277,742.

2.     Financial statement of parent company:

+         Profit before tax in quater 4/2013: -VND2,70,086,561

+         Profit before tax in quater 4/2012: -VND542,886,660

+         Decreasing: -VND1,627,199,901

-          Reason:

+         Gross profit increased VND7,116,884,400 because net revenue increased VND205,226,601,266 and cost of goods sold increased VND198,109,716,826.

+         Financial incomes increased VND1,534,775,338

+         Financial expenses increased VND3,938,863,779

+         Selling expenses increased VND6,755,434,174 and administrative decreased VND503,190,076.

+         Other profit decreased VND87,751,802.

HOSE

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