PTC: Explanation for loss in Quarter 1, 2015

Post and Telecommunications Investment and Construction Joint Stock Company has explained business result of Quarter 1/2015 as follows:

-  Consolidated financial statements:

• Loss in Quarter 1/2015 was VND3,820,667,383

-  Financial statements of parent company:

• Loss in Quarter 1/2015 was VND4,044,210,714
• Revenue from construction in Quarter 1/2015 decreased while general & administration expense didn’t decrease, the firm must be paid wages.
• In Quarter 1/2015, the auditor adjusted to decrease revenue of projects.
• Net revenue in Quarter 1, 2014 was by VND4,014 million as 38% revenue in Quarter 1, 2013 while general & administration expense didn’t decrease, which led to net profit decreased by VND971 million. Additionally, in Quarter 1, 2014 the company recorded penalty on delayed payment of tax by VND2,793 million and delayed work in progress by VND288 million, which made to other  profit lost by VND3,082 million.

HOSE

>   TLG: Notice of Board Resolution _ June 02, 2015 (03/06/2015)

>   HBC: Report on the result of transaction of treasury shares (03/06/2015)

>   APC: Report on Outstanding Voting Shares (03/06/2015)

>   APC: Board Resolution _ June 01, 2015 (03/06/2015)

>   DRL: Disclosure information (04/06/2015)

>   SFI: Notice of Reappointment of Chief Accountant (04/06/2015)

>   RAL: Notice of trading of shares by an internal shareholder (04/06/2015)

>   PNC: Link to the meeting documents (04/06/2015)

>   HT1: Report on results of trading of shares by a related person (04/06/2015)

>   HAP: HAP chooses AASC as 2015 auditing firm (04/06/2015)