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SFI: Explanation for business result in Quarter 4, 2014 Sea & Air Freight International (SAFI) explained the fluctuation in business result between Quarter 4, 2014 and Quarter 4, 2013 (Parent company):
By: VND
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Item
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Quarter 4/2014
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Quarter 4/2013
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Difference
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Value
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Ratio
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Revenue
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119,084,484,323
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67,666,190,314
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51,418,294,009
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176%
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Cost of goods sold
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95,133,369,848
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63,462,825,260
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31,670,544,588
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150%
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Gross profit
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23,951,114,475
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4,203,365,054
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19,747,749,421
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570%
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Financial income
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1,108,377,321
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12,208,882,125
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(11,100,504,804)
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9%
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Selling expense
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20,221,132,098
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0
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20,221,132,098
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|
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General & administrative expense
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2,993,574,460
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2,706,969,203
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286,605,257
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111%
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After tax profit
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1,438,932,486
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11,583,605,612
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(10,144,673,126)
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12%
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- Revenue in quarter 3/2013 was more than VND119 billion, reaching 176% equivalent to increase VND51 billion compared to quarter 4/2013. Cost of goods sold and selling expense increased VND51 billion compared to the same period of 2013 because collection and payment order accounting of customers changed to revenue and cost accounting according to regulation.
- After tax profit in Quarter 4, 2014 was VND1.4 billion (or 12%), decreasing more than VND10.1 billion (88%) compared to Quarter 4, 2013. After tax profit in Quarter 4, 2014 decreased compared to Quarter 4, 2013 because in Quarter 4, 2013, profit of joint venture in was VND9.2 billion.
- After tax profit in Quarter 4, 2014 was VND 1.4 billion, reaching 12% equivalent to decrease VND10.1 billion or (88%) compared to quarter 4/2013 HOSE
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