Hoa Sen Group explained the fluctuation in business results of the parent company in Quarter III of fiscal year 2013-2014 (“FY 2013-2014”) and the first nine months of FY 2013-2014 as follows:
1) Quarter
III of FY 2013-2014 (04/01/2014 – 06/30/2014):
In Quarter III of FY
2013-2014, the parent company’s profit after tax was VND83.9 billion decreasing
VND60.4 billion compared to the same period of FY 2012-2013, mainly because:
-
Net revenue increased VND569.4 billion while
cost of goods sold increased VND588.9 billion, so gross profit lost VND19.5
billion from VND398.6 billion to VND379.1 billion.
-
Financial expense decreased VND22.0 billion
from VND73.9 billion to VND51.9 billion.
-
Selling expense increased VND57.6 billion
from VND114.2 billion to VND171.8 billion.
-
Administrative expense decreased VND3.5
billion from VND79.6 billion to VND76.1 billion.
-
Other profit increased VND0.9 billion from VND16.8
billion to VND17.7 billion.
2) The
first nine months of FY 2013-2014 (10/01/2013 – 06/30/2014):
In the first nine months of
FY 2013-2014, the parent company’s profit after tax was VND209.5 billion
decreasing VND264.6 billion compared to the same period of FY 2012-2013, mainly
because:
-
Net revenue increased VND4,279.7 billion
while cost of goods sold increased VND4,369.8 billion, so gross profit lost
VND90.1 billion from VND1,145.3 billion to VND1,055.2 billion.
-
Financial expense decreased VND20.4 billion
from VND189.8 billion to VND169.4 billion.
-
Selling expense increased VND147.3 billion
from VND297.7 billion to VND445.0 billion.
-
Administrative expense decreased VND40.2 billion
from VND196.9 billion to VND237.1 billion.
-
Other profit decreased VND8.7 billion from VND53.8
billion to VND45.0 billion.
