VPK: Explanation for business result in the first 6 months

The profit after tax of Vegetable Oil Packing Joint Stock Company (VPACK) in the first six months of 2014 decreased 67.5% compared to the same period of 2013 because of the following reasons:

1)     Compared to the same period of last year, VPACK’s sales in the first six months of 2014 decreased 27.68%.

2)     Sales decreased because the selling price this year was lower than the same period of last year due to intense competition, and the sales volume in the first six months of 2014 also decreased.

3)     The sales volume fail, so production costs increased and profit decreased.  

HOSE

>   VNM: Consolidated interim financial statements 06.30.2014 (14/08/2014)

>   TNG: Reviewed financial statement 2014 (14/08/2014)

>   TCT: Reviewed financial statement 2014 (14/08/2014)

>   VXB: Reviewed financial statement 2014 (14/08/2014)

>   VCG: Financial Statement Quarter 2/2014 (holding company) (14/08/2014)

>   VCG: Financial Statement Quarter 2/2014 (14/08/2014)

>   NHS: Business plan for fiscal year 07.01.2014 to 06.30.2015 (14/08/2014)

>   ICG: Financial Statement Quarter 2/2014 (14/08/2014)

>   ICG: Financial Statement Quarter 2/2014 (holding company) (14/08/2014)

>   BTT: Announcement of changes in business license (14/08/2014)