FLC FAROS Construction Joint Stock Company has explained the parent company’s financial statements in the first six months of 2019 as follows:
First six months of 2019
(VND)
First six months of 2018
% decrease/increase
Profit after tax
70,632,112,558
109,379,009,087
-35.42%
The profit after tax in the first six months of 2019 decreased compared to in the first six months of 2018 because the Company expanded its business activities but not yet to record income as prescribed while some expenses must be recorded in accordance with the accounting standards and accounting law.