|
VLF: Explanation for business results in Q3.2014 Vinh Long Cereal And Food Import Export Company has announced explanation for consolidated profit after tax in quarter 3/2014 compared to Quarter 3/2013 as follows:
By: VND
|
Items
|
Quarter 3/2014
|
Quarter 3/2013
|
Difference
|
|
Net
income
|
132,590,543,899
|
471,420,766,060
|
-333,830,222,161
|
|
Cost
of goods sold
|
141,932,253,634
|
445,088,826,535
|
-303,456,572,901
|
|
Gross
profit
|
-4,341,709,735
|
26,331,939,525
|
-30,673,649,260
|
|
Financial
income
|
10,416,791,390
|
5,996,233,487
|
4,420,557,904
|
|
Financial
expenses
|
10,978,140,515
|
13,797,552,866
|
-2,819,417,351
|
|
Interest
expense
|
9,014,560,843
|
10,752,166,199
|
-1,732,605,356
|
|
Selling
expenses
|
5,570,760,963
|
12,222,064,003
|
-6,651,303,040
|
|
General
& administrative expenses
|
7,921,837,545
|
6,695,172,700
|
1,226,644,845
|
|
Net
operating profit
|
-18,395,6337,367
|
-386,621,557
|
-18,009,015,810
|
|
Other
profit
|
3,157,026,564
|
1,417,793,003
|
1,739,233,561
|
|
Gain or loss in associated companies and joint ventures
|
0
|
1,435,819,831
|
-1,135,819,831
|
|
Profit
before tax
|
-15,238,610,803
|
2,166,991,277
|
17,408,002,080
|
|
Profit
after tax
|
-11,775,995,699
|
2,000,995,516
|
-13,776,991,215
|
Reason:
Export difficulties, sales volume was
short and sales price decreased but high costs of goods sold, lower financial
income, higher financial expenses in the period.
HOSE
|
