HVG: Explanation for Separate business result in Q1, 2014 According to Separate financial statements of Quarter 1, 2014, Parent company in Quarter 2, 2014 increased 60,970,090,360 dongs or 195% compared to Quarter 1, 2013. Hung Vuong Corporation (HV CORP) explained the fluctuation in business result of parent company as follows:
- Gross profit in
Quarter 1, 2014 increased 85,756,841,345 dongs or 132% compared to Quarter
1,2013, in which: gross profit from activity business increased 75,039,392,886
dongs. - Revenue from
financial decreased 23%, financial expense decreased 26%, selling expense
increased 41%, general & administrative expense increased 10% to make
profit after tax decreased 5,562,045,831 dongs or 18%. - Other profits changed
negligible.
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