TMT: Explanation for parent company business result in Q4, 2013
TMT Automobile Joint Stock Companyexplained business result in Q4/2013 compared to Q4/2012 as follows:
- Profit after tax in Q4/2013 and 2013 increased by 38.33% and 997.79% respectively compared to the same period of 2012 because: + Net revenue in 2013 increased by 4.08% while cost of sales only increased by 2.64% compared to 2012 because company improved the business efficiency, adjusted sale policy. + Company negotiated and restructured bank loans with lower interest. Besides, company monitored and forecasted the fluctuation of exchange rate better that leading to a significant decrease of financial expense. Financial expense in 2013 decreased by 38.96% compared to 2012.
- Profit after tax in Q4/2013 and 2013 increased by 38.33% and 997.79% respectively compared to the same period of 2012 because:
+ Net revenue in 2013 increased by 4.08% while cost of sales only increased by 2.64% compared to 2012 because company improved the business efficiency, adjusted sale policy.
+ Company negotiated and restructured bank loans with lower interest. Besides, company monitored and forecasted the fluctuation of exchange rate better that leading to a significant decrease of financial expense. Financial expense in 2013 decreased by 38.96% compared to 2012.
HOSE
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