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RAL: Explanation for business results in Q2/08
Rangdong Light Source and Vacuum Flask Joint Stock Company (RALACO) has explained fluctuation of business results in Q2/08 and Q1/08 as follows:
|
No. |
Items |
QI/2008 |
QII/2008 |
Difference |
|
1 |
Net sales |
245,775,265,995 |
186,350,595,741 |
-59,424,670,254 |
|
2 |
COGS |
187,859,401,870 |
138,541,560,893 |
-49,317,940,977 |
|
3 |
Financial expenses |
6,320,855,552 |
12,402,800,239 |
6,081,944,687 |
|
4 |
Selling expenses |
14,981,461,347 |
17,476,893,952 |
2,495,432,605 |
|
5 |
General and administrative expenses |
6,620,198,577 |
7,001,155,360 |
380,956,783 |
|
6 |
Profit after tax |
32,585,705,212 |
11,632,801,703 |
-20,952,903,509 |
Profit in Q2/08 decreased due to the following reasons:
Decrease of sales:
+ Seasonal factor of products
+ Aggressive competition of foreign products
Increase of inputting expenses, especially as materials prices
High bank interest
HoSE
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