Tuesday, 21/06/2016 08:39

SRA: Explanation for the difference in the after-tax profit of quarter 1/2016 year on year

On 12/06/2016, SARA Vietnam Joint Stock Company explained the difference in the after-tax profit of quarter 1.2016 year on year as follows:

In quarter 1.2016, due to the difficult situation, so the Company tried to minimize administration cost. Therefore, the profit of quarter 1.2015 increased over the same period of last year.

Content

Revenue

Cost of goods sold

Profit

Revenue from other activities

56,400,000

 

56,400,000

Revenue from financial activities

 

 

 

Administration cost

 

54,824,516

54,824,516

Total

56,400,000

54,824,516

1,519,384

 

Explanation:

The Company was step-by-step overcoming difficulties and minimizing costs in the operational fields. However, because the financial situation was not favorable, so the profit in quarter 1.2016 was very small.

HNX

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