HAP: Explanation for Q4.2014 Profit & Loss (Consolidated)

Hapaco Group Joint Stock Company explained the Quarter 4.2014profit and loss in the consolidated financial statements as follows:

-         Profit after tax in Quarter 4/2013: -VND1,245,450,885

-         Profit after tax in Quarter 4/2014: VND2,795,887,245

-         Difference: VND4,041,338,130 (+324.5%)

Reason: In the period, the consolidated revenue from sales and services decreased slightly compared to the same period of 2013. However, the Company cut down expenses. The cost of goods sold, selling expense and administrative expense decreased sharply. Therefore, the profit after tax rose VND4,041,338,130 (+324.5%) compared to Quarter 3/2013. 

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