MPC: Explanation for business result of parent company in Q3.2014

Minh Phu Seafood Group Corporation explained the increase in the profit after tax of parent company in Quarter 3/2014 compared to Quarter 3/2013:

-          Profit after tax in Quarter 3/2014: VND265,065 million

-          Profit after tax in Quarter 3/2013: VND39,767million

-          Different: 655.55%

-          Reason:

·         The firm increased to produce Ring shrimp, Nobashi shrimp, Shushi shrimp…leading to increase competition in US, Japan, EU and Korea…

·         Well-controlling cash flow resulting in lower financial expenses and higher financial income in the period.

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