CIG: Explanation for business result in Quarter 3.2014
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
HOSE