Friday, 07/02/2014 14:43

TNT: Explanation for business result in Q4, 2013

Tai Nguyen Corporation explained business result in Q4/2013 compared to Q4/2012 as follows:

Item

Q4/2013

Q4/2012

+/-

%

Profit after tax

-29,900,136,907

-761,378,261

-29,138,758,646

-3,827

-         Profit after tax in Q4/2013 was a loss of VND29,900,136,907 and decreased more than 10% compared to the same period of 2012 because:

+         Provision for devaluation of inventories and provision for bad receivables to be appropriated.

+         It was a loss in financial activity because company transferred capital contribution in two associated companies.

HOSE

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