LICOGI 16 Joint Stock Companyexplained business result in Q4/2013 compared to Q4/2012 as follows:
1.
Revenue:
-
Company won bid for a part of Formosa project at
Ha Tinh Province in June, 2013. Therefore, most of revenue from this project
was not recorded in 2013.
-
Revenue from real estate sector was not
contributed significantly to revenue of Licogi 16 J.S.C.
2.
Profit:
-
Parent company financial statements:
-
The main reasons of a loss in Q4/2013 were from
provision of investments in associate companies, provision of bad debts,
provision of inventories, investment liquidation, tax arrears and interest on
late payment, reversal of deferred tax assets.
-
Consolidated financial statements:
-
The main reasons of a loss in Q4/2013 were from
losses of associate companies,provision of bad debts, provision of inventories,
investment liquidation, tax arrears and interest on late
payment, reversal of deferred tax assets.
