FIT: Explanation for difference of over 10 percent in profit after tax in financial statement Q.III / 2014 year on year
On 16 Oct 2014, F.I.T Investment JSC explained the difference of over 10 percent in profit after tax in financial statement Q.III / 2014 year on year as follows:
In Q.III/2014, the Company realized the long-term investment, which brought a great profit to the Company. Besides, the earnings from investment consultancy, listing brokerage etc. increased.
Also in Q.III/2014, the financial expenses decreased significantly due to limitation of loans, issues to increase capital, which partly made profit before tax go up.
As a result, profit before tax of Q.III/2014 of F.I.T holding company accelerated, exceeding 55.7% year on year.
HNX
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