Monday, 18/05/2015 00:00

ELC: Explanation for business result in Q1/2015

Electronics Communications Technology Investment Development Corporation explained the fluctuation in profit in Quarter 1/2015 compared to Quarter 1/2014:

Financial Statement type

Profit after tax (Million VND)

Quarter 1/2015

Quarter 1/2014

Difference amount

Difference ratio

(1)

(2)

(3) =(1) - (2)

(4)=(3)/(2)*100%

Consolidated Financial Statements

7,579

4,651

2,928

62.9%

Comprehensive Financial Statements

1,956

403

1,553

385%

Parent company’s Financial Statements

2,144

893

1,251

140%

Reason:

-         Comprehensive Financial Statements in Quarter 1/2015, the firm provided goods and equipment to projects, leading to revenue from selling and service supply increased strongly.

-         Consolidated Financial Statements in Quarter 1/2015, software exports of subsidiaries increased, leading to revenue from selling software increased.

HOSE

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