Monday, 16/03/2015 00:00

TTF: Explanation for business results in Q4, 2014

Truong Thanh Furniture Corporation explained the difference in revenue and profit of parent company between Quarter 4/2014 and Quarter 4/2013 as follows:

1)     Parent company:

By: VND million

 

Quarter 4/2014

Quarter 4/2013

Compared

Net revenue

723.339

343.696

110%

Gross profit

164.416

83.227

98%

Profit after tax

64.092

4.034

1489%

-  Revenue in Quarter 4/2014 increased 110% because TTF had took the initiative in working capital

-  Gross profit in Quarter 4/2014 increased 98%

-  Profit after tax in Quarter 4/2014 increased 1489% because the company had chose good clients and the initiative in working capital.

2)     Consolidated financial statements:

By: VND million

 

Quarter 4/2014

Quarter 4/2013

Compared

Net revenue

766.082

285.898

168%

Gross profit

132.131

63.362

109%

Profit after tax

54.541

7.475

630%

-  Revenue in Quarter 4/2014 increased 168% because TTF has the initiative in working capital

-  Gross profit in Quarter 4/2014 increased 109%

-  Profit after tax in Quarter 4/2014 increased 630% because the company had chose good clients.

HOSE

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