Wednesday, 04/06/2014 13:57

GMD: Explanation for consolidated business result in Quarter 1, 2014

Gemadept Corporation explained the fluctuation in consolidated in Quarter 1, 2014:

1)     The financial statements of parent company:

By: dongs

Item

Quarter 1, 2014

Quarter 1, 2013

Difference

Profit after tax

31,820,136,655

114,156,739,892

82,336,603,237

-  Profit after tax of parent company in Quarter 1, 2014 was VND31.8 billion, difference by VND82.3 billion compared to Quarter 1, 2013 because:

-  Gross profit decreased by VND6.5 billion because the company transferred business activity of Gemadept Building to subsidiary.

-  Financial income decreased by VND149.2 billion

-  Financial reserve expense decreased by VND78.8 billion

-  Other profit decreased by VND5.4 billion

2)     The consolidated financial statements:

By: dongs

Item

Quarter 1, 2014

Quarter 1, 2013

Difference

Profit after tax

39,557,577,713

146,534,524,892

106,976,947,179

-  Profit after tax of parent company in Quarter 1, 2014 was VND39.5 billion, decreasing by VND106.9 billion compared to Quarter 1, 2013 because:

-  Gross profit increased by VND23.8 billion

-  Financial income decreased by VND146.5 billion

-  Financial expense decreased by VND20 billion

-  Other profit decreased by VND1.8 billion

-  Tax and other expenses increased VND2.4 billion.

HOSE

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