DPR: Explanation for business result in Quarter II/2008
Dong Phu Rubber Joint Stock Company has explained the fluctuation of the business result in QII/2008 as follows:
No |
Item |
QI/2008 |
QII/2008 |
Difference (%) |
1 |
Net revenue |
VND127,580,503,523 |
VND95,854,205,075 |
- 24.87 |
2 |
Profit after tax |
VND44,086,047,897 |
VND46,380,737,971 |
+ 5.21 |
In QI/2008: Output sold: 3,176,94 tons; Average price: VND39,029,873 / ton;
In QII/2008: Output sold: 2,094,96 tons; Average price: VND44,879,812 / ton.
Reasons:
- The output sold in QII/2008 was lower than QI/2008, although the average price in QII/2008 increased by VND5,849,939/ton over QI/2008.
- Profit in QII/2008 decreased by VND12,347,789,758 (equivalent to 28.31%) over QI/2008.
- Other incomes in QII/2008 increased by VND22,162,333,467 from the liquidation of rubber trees.
- In QII/2008, the company deducted VND9,888,000,000 for reserve fund of long-term financial investment.
HoSE
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