ducvt
24-02-2014, 08:25 AM
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.
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.