ELC: Explanation for business result in Q1/2014
Electronics Communications Technology Investment Development Corporation explained the fluctuation in profit in Quarter 1/2014 compared to Quarter 1/2013:
Financial Statement type Profit after tax (Million VND) Quarter 1/2014 Quarter 1/2013 Difference amount Difference ratio (1) (2) (3) =(1) - (2) (4)=(3)/(2)*100% Consolidated Financial Statements 5,091 3,418 1,673 48.94% Comprehensive Financial Statements 403 6,913 -6,510 -94.17% Parent company’s Financial Statements 893 7,487 -6,594 -88.07% - Reason: · Profit after tax of Consolidated Financial Statements in Quarter 1/2014 was higher than in Quarter 1/2013 because ratio consolidated cost of goods sold/ revenue from selling and service supply decreased.- Profit after tax of Comprehensive Financial Statements and Parent company’s Financial Statements in Quarter 1/2014 decreased compared to in Quarter 1/2013 mainly because:· Contacts of Parent company always finish in Quarter 3 or Quarter 4.· In Quarter 1/2014 Elcom Corp needs big capital, leading financial expense increased.· Interest rate decreased, leading to financial income of Parent company decreased.
Financial Statement type
Profit after tax (Million VND)
Quarter 1/2014
Quarter 1/2013
Difference amount
Difference ratio
(1)
(2)
(3) =(1) - (2)
(4)=(3)/(2)*100%
Consolidated Financial Statements
5,091
3,418
1,673
48.94%
Comprehensive Financial Statements
403
6,913
-6,510
-94.17%
Parent company’s Financial Statements
893
7,487
-6,594
-88.07%
- Reason:
· Profit after tax of Consolidated Financial Statements in Quarter 1/2014 was higher than in Quarter 1/2013 because ratio consolidated cost of goods sold/ revenue from selling and service supply decreased.
- Profit after tax of Comprehensive Financial Statements and Parent company’s Financial Statements in Quarter 1/2014 decreased compared to in Quarter 1/2013 mainly because:
· Contacts of Parent company always finish in Quarter 3 or Quarter 4.
· In Quarter 1/2014 Elcom Corp needs big capital, leading financial expense increased.
· Interest rate decreased, leading to financial income of Parent company decreased.
HOSE
> BT6: Explanation for business result in Quarter 1/2013 (consolidated) (22/05/2014)
> MAC: Annual General Meeting of Shareholders 2014 (22/05/2014)
> KSQ: Explanation for difference in profit after tax of over 10% in financial statement Q.I/2014 year on year (22/05/2014)
> OCH: Explanation for difference in profit after tax of over 10% in financial statement Q.I/2014 year on year \u2013 consolidated (22/05/2014)
> OCH: Explanation for difference in profit after tax of over 10% in financial statement Q.I/2014 year on year \u2013 holding company (22/05/2014)
> CIG: Announcement of Changes in Business Registration Certificate (22/05/2014)
> GIL: Resolution of Annual General Meeting 2014 (22/05/2014)
> HLA: Reminded to submit the review semi- annual financial statements (22/05/2014)
> VPK: Resolution of Annual General Meeting 2014 (22/05/2014)
> CMG: Resolution on organizing the AGM 2014 (22/05/2014)
