PVL: Explanation for the difference in profit after tax of Q.IV/2013 year on year

On 10 February 2014, Petroleum Real Estate JSC explained the difference of over 10% in profit after tax of Q.IV/2013 year on year as follows:

Profit after tax of Q.IV/2013 was VND -9,410,944,553

Profit after tax of Q.IV/2012 was VND -4,531,013,999

Reasons:

The Company cut down the general and administrative expenses, so the general and administrative expenses decreased considerably in the period. However, the financial expenses and outsource expenses increased.

HNX

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