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GMD: Explanation for business result of parent company in Q2/2019
HSX - 7/31/2019 4:09:00 PM
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Gemadept Corporation has explained the decrease in profit of Quarter 2/2019 compared to Quarter 2/2018:  

 

 

Quarter 2/2019

Quarter 2/2019

Difference

Profit after tax of parent company

VND90,058,748,283

VND119,517,114,483

-VND29,458,366,200

 

Reason:

Profit after tax of parent company in quarter 2, 2019 was more than VND90 billion, decreasing VND29.4 billion compared to Quarter 2, 2018 because:

-       Profit before tax from business increased VND8.1 billion because the firm bought asset for the business and port operations, logistics, therefore expense for fixed asset depreciation went up.

-       Profit from financial activity decreased VND16.5 billion because interest expense increased.

-       Income tax went up VND4.8 billion.    

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