PNC: Explanation for consolidated business result in Q1/2015

Phuong Nam Cultural Joint Stock Corporation explained the fluctuation in profit in Quarter 1/2015 compared to Quarter 1/2014:

1)     Financial Statement of Parent Company:

-         Revenue and gross profit in Quarter 1/2015 increased mainly because internal revenue.

-         Interest expense increased.

-         Salary costs, social insurance, health insurance… increased.

-         Therefore, loss before tax of parent company in Quarter 1/2015 was VND1,925,364,500.

2)     Consolidated  Financial Statement:

-         In Quarter 1/2015 had holidays.

-         Revenue increased. But the price increase of petrol, electricity, water…

-         Therefore, loss before tax in Quarter 1/2015 was VND3,862,706,811.

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