GMD: Explanation for consolidated business result in Q2/2019

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GMD: Explanation for consolidated business result in Q2/2019

HSX - 7/31/2019 4:08:00 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	VND169,357,438,588	VND260,881,108,547	VND91,523,669,959

Reason:

Profit after tax of parent company in quarter 2, 2019 was more than VND169.3 billion, decreasing VND91.5 billion compared to Quarter 2, 2018 because:

- Profit before tax from business increased VND18.5 billion because growth in the business and port operations, logistics.

- Profit from transferring investments decreased VND63.1 billion than the same period of 2018.

- Income tax and minority shareholders profit went up VND46.9 billion.

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