SMC: Explanation for business result of Quarter II/2008
SMC Investment - Trading Joint Stock Company (Stock symbol: SMC) has explained the increase in Profit after tax in Quarter II/2008 as follows:
Item
unit
QI/ 2008
QII/ 2008
Change
Revenue
million dongs
1,007,925.99
1,270,018.96
26.00%
Cost of goods sold
965,100.86
1,230,342.20
27.48%
Consumption output
tons
73,244.67
83,007.78
13.33%
The marginal profit in QII/2008 was lower than QI/2008. The company’s production and consumption output have been stable. That makes profit increase. Profit after tax in QII/2008 gained 28,969.48 million dongs. However, the company distributed 8,428.99 million dongs to Financial Reserve Fund, so Profit after tax in QII increased by only 1.724% over QI/2008.
HoSE
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