LGL: Explanation for business result in Q3/2014

Long Giang Investment and Urban Development Joint Stock Company explained the profit after tax in Quarter 3/2014:

By: dongs

	Quarter 3/2014	Quarter 3/2013	Different
Profit after tax of parent company	745,026,773	-4,318,743,550	5,063,770,323
Consolidated profit after tax	6,742,457,739	-6,115,116,830	12,857,574,569

 

1)     Profit after tax of parent company in Quarter 3/2014 increased VND5,063,770,323 compared to Quarter 3/2013 because:

-          Revenue from selling and service supply increased, leading to gross profit from selling and service supply increased 64.95%.

-          Financial expense decreased 78.04% because interest rate decreased, making a province for financial investment, it’s decreased.

2)     Consolidated profit after tax in Quarter 3/2014 increased VND12,857,574,569 compared to Quarter 3/2013 because:

-          Revenue from selling and service supply increased, leading to gross profit from selling and service supply increased 59.5%.

-          Financial expense decreased 84% because interest rate decreased, making a province for financial investment, it’s decreased.

HOSE

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