TTF: Explanation for consolidated business results in Q4.2013

Truong Thanh Furniture Corporation explained the difference in consolidated revenue and profit between Quarter 4/2013 and Quarter 4/2012 as follows:

By: VND million

	Quarter 4/2013	Quarter 4/2012	Compared
Net revenue	343,696	425,112	-19%
Gross profit	83,227	74,658	11%
Profit after tax	410	-4,424	109%

 

-          Revenue in Quarter 4/2013 decreased 19% because TTF has difficulties in funding

-          Gross profit in Quarter 4/2013 increased 11%

-          Profit after tax in Quarter 4/2013 increased 109% because TTF saved expenses, leading cost of goods sold decreased and gross profit increased strongly.

 

HOSE

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