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HT1: Explanation for business activities in Quarter 3, 2008
Below is the explanation of Ha Tien 1 Cement Joint Stock company (Stock code: HT1) for business activities in Quarter 3/2008:
|
Items |
Quarter III/2008 |
Quarter II/2008 |
Increase (Decrease) |
%
|
|
Net sales |
599,586,204,713 |
649,970,873,855 |
-50,384,669,142 |
-8% |
|
Cost of good sold |
515,961,858,273 |
605,062,792,483 |
-89,100,934,210 |
-15% |
|
Gross profit |
83,624,346,440 |
44,908,081,372 |
38,716,265,068 |
86% |
|
Financial expenses |
16,027,530,502 |
28,638,446,681 |
-12,610,916,179 |
-44% |
|
Selling expenses |
24,018,092,568 |
18,032,524,524 |
5,985,568,044 |
33% |
|
Administration fee |
21,957,644,085 |
14,918,052,270 |
7,039,591,815 |
47% |
|
Profit |
22,419,540,082 |
-15,690,741,660 |
38,110,281,742 |
-243% |
- In quarter 3/2008, profit is 22.4 billion dongs, increased compared to that of quarter 2 because of following reasons:
Total output decreased by 18%, whereas total revenue decreased only by 8% compares to that of quarter 2. However, in this quarter, price of cement increased by 12% on the average (an increase in revenue of 121,603 dongs per ton), which leads to an increase in total profit.
- Financial expenses was also reduced 12.6 billion dongs thanks to the fluctuation of foreign exchange rate (decrease), so the company did not have pay for foreign exchange differences for imported clinker in this quarter.
HoSE
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