VHG: Explanation for consolidatedbusiness result in Q4, 2013

Viet - Han Corporationexplained business result in Q4/2013 compared to Q4/2012 as follows: Profit after tax in Q4/2013 was VND7.7 billion, while it was a loss of –VND14.2 billion in Q4/2012 because:

-          Financial revenue in Q4/2013 increased VND15.7 billion compared to the same period of 2012 because company transferred some assets according to restructuring plan of VHG.

-          Financial expenses was only VND1.7 billion in Q4/2013, decreasing by 56% compared to Q4/2012 because company collected a large amount of money from receivables of 2010 and transfer of assets.

-          Selling expenses, general and admin expenses in Q4/2013 decreased by 98.7% and 64.4% respectively compared to the same period of 2012.

 

 

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