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BT6: Explanation for business result in Quarter 1/2013 (consolidated) 620 - Chau Thoi Concrete Corporation (620CCC) has explained profit after tax in Quarter 1/2014 (consolidated) compared to Quarter 1/2013 as follows:
Unit:
dongs
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Items
|
Quarter
1/2014
|
Quarter
1/2013
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Change
|
|
+/-
|
%
|
|
Net
revenue from selling and service supply
|
107,286,677,199
|
290,794,039,098
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(183,507,361,899)
|
(63.11)
|
|
Cost
of goods sold
|
92,224,310,607
|
255,498,391,651
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(163,274,081,044)
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(63.90)
|
|
Gross profit from selling and
service supply
|
15,062,366,592
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35,295,647,447
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(20,233,280,855)
|
(57.33)
|
|
Financial
income
|
8,902,220,724
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145,244,410
|
8,756,976,314
|
6,029.13
|
|
Financial
expenses
|
7,459,803,575
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19,751,573,623
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(12,291,770,048)
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(62.23)
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Include: Interest expense
|
15,235,932,789
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19,566,138,932
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(4,330,206,143)
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(22.13)
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Selling expense
|
614,334,059
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1,423,026,817
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(808,692,758)
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(56.83)
|
|
General and administration expense
|
13,181,847,420
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13,554,446,232
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(372,598,812)
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(2.75)
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Net
profit
|
2,708,602,262
|
711,845,185
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1,996,757,077
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280.50
|
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Other
profit
|
811,487,016
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(1,195,382,239)
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2,006,869,255
|
167.89
|
|
Profit
before tax
|
3,520,089,278
|
(483,537,054)
|
4,003,626,332
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(827.99)
|
|
Profit after tax
|
2,554,597,470
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(1,657,132,046)
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4,211,729,516
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254.16
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-
In quarter 1/2014,
revenue decreased 63.11%, while cost of goods sold decreased 63.9% compared
to in Quarter 1/2013, leading to gross profit decreased 57.33%. -
Financial income increased strongly because of disposal of investments. -
Interest expense in Quarter 1/2014 decreased VND4,330,206,143 or -22.13%
compared to in Quarter 1/2013 because interest rate decreased. -
Selling expense and general and
administration expense decreased because BT6 cut expenses. -
Therefore, profit
after tax in Quarter 1/2014 was VND2,554,597,470, increasing compare to the same period of last year.
HOSE
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