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TCR: Explanation for business in quarter 3
Taicera Enterprise Company (TAICERA) explained profit in quarter 3 increasing by 1,145.66% as follows:
|
No. |
Items |
Quarter 2/2008 |
Quarter 3/2008 |
Change |
|
01 |
Net sales |
294,555,943,471 |
298,631,600,438 |
1.38% |
|
02 |
Cost of goods sold |
233,812,290,522 |
219,088,880,300 |
- 6.32% |
|
03 |
Financial expenses |
34,268,939,100 |
12,362,288,900 |
- 63.93% |
|
04 |
Profit after tax |
(2,705,041,822) |
28,285,473,976 |
1,145.66% |
Sales of quarter 3/2008 increased higher than quarter 2/2008: 1.38%.
Cost of goods sold decreased by 6.3% because the company decreased general and administrative expenses, replaced import materials with internal materials and agreed with suppliers on decreasing prices or keeping prices stable.
Financial expenses decreased by 63,93% (equivalent VND21,906,650,200) in comparison with quarter 2/2008 because of effects of macroscopic economic policy of Government, light fluctuation of exchange rate and decreased exchange rate difference. Besides, that the company reduced bank loans makes bank interests decreased and that it reduced discounts of export documents makes bank expenses decreased.
HoSE
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