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TTC: Explanation for the difference in profit after tax of Q.IV/2013 year on year
On 17 January 2014, Thanh Thanh Joint Stock Company explained
the difference in profit after tax of Q.IV/2013 year on year as follows:
-
Profit after tax of Q.IV/2013: VND 2,617,815,687, a
difference of VND 710,482,118 compared to Q.IV/2012
|
No.
|
Indicator
|
Q.4/2013
|
Q.4/2012
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Rate %
|
|
1
|
Net revenue
|
86,834,218,211
|
68,234,477,413
|
127.26
|
|
2
|
Profit before tax
|
2,830,071,013
|
710,482,118
|
398.33
|
|
3
|
Profit after tax
|
2,617,815,687
|
710,482,118
|
368.46
|
Reasons:
The gas conversion project launching in 2012 reduced
the product price, increased the competitive advantage and maintained the
market. In addition, owing to the decrease in the depreciation expense,
interest expense and the increase in the net revenue, the operating result was
good despite the increase in the sales expense and general and administrative
expense. HNX
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