DAG: Explanation for business performance in Q4.2014
Dong A Plastic Group Joint Stock Company explained the business performance in Quarter 4/2014 compared to Quarter 4/2013, according to the 2014 consolidated financial statements:
The Company’s consolidated after-tax profit in Quarter 4/2014 increased 9.78% compared to the same period of last year mainly because of the following reasons:
- Compared to 2013, the Company’s revenue in 2014 rose 9.27%.
- The financial expense in 2014 decreased 10.84% because the Company negotiate with banks to cut down the interest rate for short-term loans.
- The selling expense in 2014 decreased 41.66%, but the administrative expense in 2014 increased 25.79% compared to 2013. However, on the 2014 consolidated financial statements, the total selling and administrative expense decreased 4.9% compared to 2013.
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