TMT: Explanation for business result in Q3, 2014

TMT Automobile Joint Stock Company explained business result in Q3/2014 compared to Q3/2013 as follows:

1)     Financial Statement of parent company:

-         Net revenue in Quarter 3/2014 was VND330.28 billion, increasing VND230.60 billion or 231% compared to in Quarter 3/2013 because revenue from selling car increased strongly. Gross profit was VND37.46 billion, increasing VND26.14 billion or 231% because the firm saved expenses. Profit after tax in Quarter 3/2014 increased VND14 billion or 398%.

-         Net revenue in the first 09 months of 2014 was VND794.23 billion, increasing VND518.72 billion or 188% compared to the same period of last year. Profit after tax in the first 09 months of 2014 increased VND43.27 billion compared to the same period of last year.

2)     Consolidated Financial Statement:

-         Net revenue in Quarter 3/2014 was VND340.14 billion, increasing VND227.42 billion or 202% compared to in Quarter 3/2013 because revenue of parent company increased strongly. Gross profit was VND27.34 billion, increasing 200% because the firm saved expenses. Profit after tax in Quarter 3/2014 increased VND14.18 billion and profit after tax of shareholders’ parent company was VND13.61 billion.

-         Net revenue in the first 09 months of 2014 was VND932.21 billion, increasing VND516.364 billion or 163% compared to the same period of last year. Profit after tax in the first 09 months of 2014 was VND34.10billion and profit after tax of shareholders’ parent company was VND32.80 billion.

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