CIG: Explanation for business result in Quarter 3.2014

Coma18 Joint Stock Company explained the negative after-tax profit in Quarter 3/2014 as follows:

-          Profit after tax in Quarter 3/2014: -VND3,609,443,234

-          Reason: In Quarter 3/2014, the company continued the implementation of mechanical works and deployed new contracts. Compared to Quarter 3/2013, the company’s revenue in Quarter 3/2014 increased thanks to the income from real estate projects. However, because of difficulties in real estate market, the cost and expenses were higher than revenue.

Item

Unit

2014

2013

Difference

Net revenue

VND

35,968,054,355

12,595,091,595

23,372,962,760

Profit after tax

VND

-3,609,443,234

-1,214,070,363

-2,395,372,871

 

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