LBM: Explanation for business result in Quarter 4/2014

Lam Dong Mineral and Building Material Joint Stock Company explained the fluctuation in business result (consolidated and parent company) of Quarter 4/2014 and Quarter 4/2013:

By: dongs

Reason:

1)     Single – entity financial statements:

Profit in Quarter 4/2014 was 281.3% compared to in Quarter 4/2013 because:

-         Net revenue in Quarter 4/2014 increased 28.2%, leading to gross profit increased 80% compared to the same period of 2013, in which:

• Revenue from selling fresh concrete and building stone was VND34.5 billion, increasing 111%, leading to profit increased 368%.
• Financial income increased 774% because profit from subsidiary increased.

2)     Consolidated  financial statements:

-         Profit in Quarter 4/2014 was 440.6% compared to in Quarter 4/2013 because:

• Sales of parent company
• Inventories in Quarter 4/2014 was less than in Quarter 4/2013.

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