Phuong Nam Cultural Joint Stock Corporation explained business result in Q3/2014 compared to Q3/2013 as follows:
1) The firm
explained business result of parent company in Q3/2014 compared to Q3/2013.
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Revenue in Quarter 3/2014 decreased strongly
because the firm separated retail systems to set up Phuong Nam
retail Co., Ltd. Revenue from server supply for CJ CGV Viet Nam Co., Ltd was
VND11 billion.
-
The firm had not gross profit from retail systems,
gross profit from selling online.
-
Interest expense decreased because in Quarter 3/2014, the
firm did not loan from banks but the firm loan from Cross Junction Investment
Pte., Ltd.
-
Selling expense and general and administration expense decreased strongly
because the firm separated one part of selling
expense and general and administration expense in Phuong Nam Cultural Joint Stock Corporation to Phuong Nam retail
Co., Ltd.
-
There are the main reasons leading to profit
before tax was VND8,345,922,598.
2) The firm
explained consolidated business result in Q3/2014 compared to Q3/2013:
-
Revenue in Quarter 3/2014 increased 18% because
revenue from servicer supply in CJ CGV Viet Nam Co., Ltd and the firm opened 03
new book shops and closed 03 old book shops.
-
Interest expense decreased because in Quarter 3/2014, the
firm did not loan from banks but the firm loan from Cross Junction Investment
Pte., Ltd.
-
Selling expense decreased because the firm
opened 03 new book shops and closed 03 old book shops.
-
There are the main reasons leading to profit
before tax was VND11,265,589,763.
