DNC: Explanation for difference in profit after tax of over 10% in financial statement Q.I/2014 year on year

 Hai Phong Electricity Water Machine Assembly Joint Stock explained the difference in profit after tax of over 10% in financial statement Q.I/2014 year on year approved on 03 June 2014 as follows:

In Q.I/2014, the Company entered into the account for the payable corporate income tax 2011 based on the inspection of Hai Phong Tax Department: VND 95,999,975

In Q.I/2014, the Company made provision for the loss of Hai Phong Electric Cable Co., Ltd (Subsidiary) in the closing stage of lump sum contract: VND 118,552,583

The Company makes sure that no reasons other than the two above reasons affected the financial statement Q.I/2014.

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