VMC: Explanation for the change of over 10% in consolidated operating result in QI.2013 compared to QI.2012
According to the Financial Statement Quarter I/2013, profit after tax of Quarter I/2013 decreased by 11.57% year on year. Vimeco JSC explained the decrease in operating result in Quarter I/2013 as follows:
- Due to difficulties of macro economy, cost of goods sold jumped 31.4% year on year. Therefore, consolidated profit after tax of QI/2013 decreased year on year.
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