Examples of Prior Year in a sentence
The Line has two columns available on the right to mark; the first is for the Current Year and the second is for the Prior Year.
The administrative and other operating expenses increased from approximately RMB51.8 million for the Prior Year by approximately RMB3.1 million or 6% to approximately RMB54.9 million for the Year.
The decrease in selling and distribution costs was mainly attributable to decrease in depreciation charges approximately RMB2.1 million as a result of the machines used for demonstration purpose were fully depreciated in the Prior Year.
GROSS PROFIT AND GROSS PROFIT MARGIN The gross profit for the Year decreased by approximately RMB54.5 million to approximately RMB84.8 million for the Year as compared to the Prior Year of approximately RMB139.3 million.
In the meantime, while the Group has its major customer base in the PRC, our home market, it also extended sales to 13 overseas countries during the Year, the Group’s net profit after tax, was approximately RMB27.0 million during the Year, representing a decline of approximately 47.5% as compared to the Prior Year.