Tuesday, 10/02/2015 00:00

MDG: Explanation for business performance in Q4.2014

Mien Dong Joint Stock Company has given the reason of the decrease in capital surplus from VND41,757,121,909 at January 01, 2014 to VND1,593,371,616 at December 31, 2014 making the undistributed after-tax profit at December 31, 2014 to be VND1,663,615,016, as follows:

-          According to the resolution of extraordinary general meeting of shareholders dated September 20, 2014 allowing the Company to use the financial reserve fund and the capital surplus to handle losses in 2014. Therefore, when the Company’s after-tax profit in 2014 was –VND40,163,750,293, the capital surplus was decreased from VND41,757,121,909 to VND1,593,371,616. The undistributed after-tax  profit in 2013 remained VND5,481,269,242. The Company distributed VND3,817,654,526 of the 2013 profit, so its undistributed after-tax profit at December 31, 2014 was VND1,663,615,016.

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