Cuu Long Pharmaceutical Joint Stock Corporation explained the fluctuation in profit in the consolidated financial statements for Quarter 3/2014 compared to Quarter 3/2013 as follows:
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Profit after tax in Quarter 3/2014: VND10,517,958,660
-
Profit after tax in Quarter 3/2013: VND8,656,000,573
Compared to the same period
of last year, the profit after tax in
the consolidated financial statements for Quarter 3/2014 increased
VND1,861,958,087 (more than 10%) because:
-
The company’s sales strategy focuses on staples
with competitive advantage and high gross profit, so the ratio of gross profit
to net revenue increased 4.8% compared to the same period.
-
The company sought funding resources with low
interest rates. This led the decrease in the borrowing expense. So the
borrowing expense in Quarter III/2014 was VND5.4 billion, decreased VND3
billion against Quarter 3/2013.
