HLG: Explanation for business result in Quarter 4.2014 Hoang Long Group explained the fluctuation in profit after tax between Quarter 4/2014 and Quarter 4/2015 as follows:
- Profit after tax in Quarter 4/2013: (VND152,652,663,311)
- Profit after tax in Quarter 4/2014: (VND31,175,732,734)
Therefore, in Quarter 4/2014, HLG reduced the loss after tax by VND121,476,930,577 compared to Quarter 4/2013. This movement is because in Quarter 4/2013 the Company had provisions for bad debts and for diminution in value of inventories. In 2014, the Company restructured, so the seafood processing has been more stable. HOSE
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