Gemadept Corporation has explained the decrease in profit of Quarter 2/2019 compared to Quarter 2/2018:
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.