CMV: Explanation for business result in Q4.2013 Camau Trading Joint Stock Company (CAMEX) has explained the fluctuation in business results in Quarter 4/2013 compared to Quarter 4/2012:
- According to the Quarter 4/2013 financial statements of parent company:
- Profit after tax in Quarter 4/2013 was 6,352,403,419 dongs, decreasing 45.05% because Bach Viet Co., Ltd merged into parent company in Quarter 4/2012.
- According to the Quarter 4/2013 consolidated financial statements:
- Profit before tax in Quarter 4/2013 was 8,297,236,218 dongs, increasing 77.77%.
- Reason:
- Financial expense in Quarter 4/2013 was VND3,152,379,252, decreasing 32.49% because the firm delayed provision for financial investment and interest expense decreased.
- General and administration expense and selling expense decreased VND21,604,287,497 or 10.19% and commission expense increased ( other profit was VND6,920,960,203 increasing 29.44%).
- Revenue in Quarter 4/2013 was VND1,126,877,368,071, increasing 9.13%.
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