CCL: Explanation for business result in Quarter 3/2014
CCL: Explanation for business result in Quarter 3/2014
Cuu Long Petro Urban Development and Investment Corporation explained the fluctuation in profit after tax of Quarter 3/2014 compared to Quarter 3/2013 as follows:
By: VND
No.
Item
Quarter 3/2014
Quarter 3/2013
Percentage
Increase ratio
(%)1
Total revenue
8,645,248,836
6,376,272,020
135.58%
2
Total expense
8,095,224,096
6,183,883,563
130.91%
3
Profit before tax
552,024,740
192,388,457
290%
190%
4
Profit after tax
501,629,203
155,059,697
323.51%
223.51%
Reason: The real estate market was still sluggish. This affected the Corporation’s business. Total revenue was 90% compared to Quarter 2/2014, although profit after tax increased 223.51% compared to 2013.
HOSE