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SHI: Explanation for the consolidated profit of Quarter 4/2014 Son Ha International Corporation explained fluctuations in business results of Quarter 4/2014 compared to Quarter 4/2013, based on the consolidated financial statements of Quarter 4/2014:
1) Revenue: In Quarter 4/2014, SHI’s revenue increased 22% compared to the same period of 2013 mainly because the firm opened many agents.
2) Cost of goods sold: SHI’s cost of goods sold in Quarter 4/2014 increased 21% compared to Quarter 4/2013.
3) Financial income: total financial income decreased 46%.
4) Financial expense: total financial expense decreased 25%.
5) Selling expense: Selling expense increased 72% compared to the same period of 2013 because of increases in wage expense, promotion and advertising expenses and other expenses.
6) General and administration expense decreased 20% compared to the same period of 2013.
7) Profit after tax: Profit after tax in Quarter 4/2014 increased 66% compared to Quarter 4/2013. HOSE
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