KSH: Explanation for business result in Q2/2014
KSH: Explanation for business result in Q2/2014
Hamico Group Mineral Joint Stock Company has explained reasons causing the decrease in profit after tax of Quarter 2/2014 compared to Quarter 2/2013:
By: VND
Quarter 1I/2014
Quarter 1I/2013
1
Sales
14,728,248,866
17,202,136,844
2
Other income
268,670,545
13,260,545
3
Financial income
317,655
817,257
4
Total expense
13,571,683,650
17,039,658,713
5
Profit before tax
1,425,553,416
176,555,933
6
Profit after tax
1,425,553,416
176,555,933
- Sales in Quarter II, 2014 was less than Quarter 2/2013 but profit was more than Quarter 2/2013 because materials and interest expense decreased.
- Besides, in Quarter 2/2014 had other income but in Quarter 2/2013 had other expenses, leading to other profit in Quarter 2/2014 was more than in Quarter 2/2013.
HOSE