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CLG: Explanation for Q4.2014 consolidated profit & loss Cotec Investment and Land-House Development JSC explained the Quarter 4.2014 consolidated profit and loss as follows:
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By: VND
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Item
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2013
(audited)
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Quarter IV/2013
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Quarter IV/2014
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% Increase/decrease compared to the same period
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Net revenue
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367,772,519,611
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86,065,955,408
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24,991,042,741
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-70.96%
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Profit before tax
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70,205,213,726
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2,023,323,746
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10,882,258,419
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+437.91%
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Net profit
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30,133,963,965
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851,153,767
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10,315,509,000
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+1,112.1%
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- CLG’s net revenue in Quarter 4.2014 was VND24.99 billion decreasing 70.96% compared to the same period of 2013. However, its net profit increased 437.91% and profit after tax increased VND9.46 billion.
- The revenue in Quarter 4.2014 went down because the Company is completing the construction of Dong Nai General Hospital and purchasing machines and equipment for the construction. However, the Company had a financial income of VND111 billion and an investment interest in joint-ventures of VND18 billion. This made the consolidated profit before tax as well as profit after tax in Quarter 4.2014 rose rather higher than in Quarter 4.2013.
HOSE
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