PSE: Explanation for the difference in financial statement 2016 year on year

On 16 Mar 2017, South-East PetroVietnam Fertilizer and Chemicals Joint Stock Company explained the difference in financial statement 2016 year on year as follows: 

- Profit after tax of 2016: VND 23,352,907,504

- Profit after tax of 2015: VND 27,283,991,513

Reasons: in 2016, the fertilizer price continued to go down; gross profit decreased by 15% year on year. Consequently, profit after tax dropped by 14% year on year.

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