VNH: Explanation for negative profit in Quarter 3.2013
According to Business results of Quarter 2.2013 of Viet Nhat Seafood Corporation, profit after tax in Quarter 2.2013 suffered loss of 5,974,042,415 dongs. Viet Nhat Seafood Corporation explained as follows:
- On April 24, 2013 Viet Nhat Seafood Corporation transferred two processing seafood workshops to Saigon Trading Group according to No.129/HD/2013-CNQSD dated March 29, 2013. Revenue in Quarter 2.2013 was 6,779,035,256 dongs, decreasing 18,571,934,635 dongs compared to Quarter 2.2012. It made profit decreased of 3,806,932,316 dongs.
- In Quarter 2.2013, Viet Nhat Seafood Corporation was loss of 4,158,457,571 dongs in selling the stocking materials.
- The deferred corporate income tax of 1,991,347,472 dongs
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