On 10 February 2014, Petroleum Real Estate JSC explained the difference of over 10% in profit after tax of Q.IV/2013 year on year as follows: Profit after tax of Q.IV/2013 was VND -9,410,944,553
Profit after tax of Q.IV/2012 was VND -4,531,013,999
Reasons:
The Company cut down the general and administrative expenses, so the general and administrative expenses decreased considerably in the period. However, the financial expenses and outsource expenses increased.