TYA: Explanation for the difference of business result
Taya (Vietnam) Electric Wire And Cable Joint Stock Company (TAYA VIETNAM) has explained of the difference of business result in Q1/08 and Q4/07 as follows:
Unit: VND
|
Items |
Q1/2008 |
Q4/2007 |
% Increase, decrease |
|
Net revenue |
346,183,119,568 |
386,132,454,266 |
-10.35 |
|
Cost of goods sold |
304,474,419,942 |
345,174,813,076 |
-11.80 |
|
Profit after tax |
30,632,955,943 |
25,924,187,988 |
18.16 |
Although revenue decreased 10.35%, cost of goods sold reduced 11.80% and profit after tax increased 18.16%.
Reason: the company used material inventory for production in Q1/08 that led to decrease of input price.
HoSE
