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STT: Explanation for business result in quarter 1/2014 Saigontourist Transport Corporation (Satraco) has explained profit after tax in quarter 1/2014 compared with this in quarter 1/2013 as follows:
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Item
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Quarter
1/2014
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Quarter
1/2013
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Difference
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Net
revenue
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15,678,065,802
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22,035,164,653
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(6,357,098,851)
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Profit
before tax
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(1,849,821,764)
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(883,738,452)
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(966,083,312)
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Profit
after tax
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(1,849,821,764)
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(883,738,452)
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(966,083,312)
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Net
revenue in quarter 1/2014 decreased more than quarter 1/2013 because of the
below reasons: -
Revenue
of transport service decreased due to a large repair. For that repair, expenses
of repairing taxies increased and capacity decreased more than that in quarter
1/2013. -
Revenue
of training service was down because cars for training were old; number of
trainees was low; tolls and fees increased. -
Revenue
of tourist service in quarter 1/2014 decreased to 48.5% on that in quarter
1/2013 because outbound and team building services were not progressive. -
Profit
after tax in quarter 1/2014 was down more than that in quarter 1/2013 because
the taxi capacity decreased 2.5% on the profit of quarter 1/2013, customers
reduced the number of rented cars and number of rented securities, tourist
profit was decreased much but fixed expenses were not changed.
HOSE
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