Thursday, 17/05/2018 15:41

HEM: Explanation for difference in financial statement 2017 year on year

On 17 Mar 2018, Hanoi Electromechanical Manufacturing Joint Stock Company explained the difference in financial statement 2017 year on year as follows:
According to audited consolidated financial statement 2017 of Hanoi Electromechanical Manufacturing Joint Stock Company, profit after tax of the Company reached VND 80,328,214,847 (increased by 17.8% year on year).
 
Reason: the profit or loss at affiliated companies and joint-venture companies. In 2017, profit from SAS - CTAMAD Company Limited was booked: VND 1.25 billion. Meanwhile, in 2016, SAS - CTAMAD Company Limited had a loss of VND 20.49 billion.

HNX

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