Tuesday, 18/03/2014 18:01

EFI: Explanation for the difference in the profit after tax in Quarter IV.2013 year on year



On 11/03/2014, Education financial investment JSC explained the difference in the profit after tax in Quarter IV.2013 compared to Quarter IV.2012 as follows:

The profit after tax

(Quarter IV.2013)

The profit after tax

(Quarter IV.2012)

Difference

Rate =/-

%

1,355,415,968

2,539,417,902

(1,184,001,934)

-46.62%

 

- The cost of goods sold in Quarter IV.2013 was VND 2,037,952.49, decreased by VND 1,176,691,715, equivalent 36.6% compared to Quarter IV.2012, Enterprise management cost in Quarter IV.2013 was VND 782,491,779, decreased by VND 501,922,954, equivalent to 39.08% compared to quarter IV.2012 but the profit after tax still decreased because:

The revenue from financial activity in Quarter IV.2013 was only VND 1,506,534,954 much lower than that of Quarter IV.2012, on the other hand the Company was also reserved the short-term securities investment in amount of VND 1,170,786,024.

HNX

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