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TDH: Business result in Q3/08
Thu Duc Housing Development Corporation (THUDUC HOUSE) has explained business result in Q3/08 as follows:
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Q2/2008 |
Q3/2008 |
Difference |
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Net sales |
135,345,024,108 |
103,476,576,631 |
-23.55% |
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Profit after tax |
26,391,169,740 |
32,366,209,090 |
22.64% |
- Although net sales in Q3 decreased 23.55%, profit after tax increased 22.64% compared to that in Q2 due to the following items:
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Q2/2008 |
Q3/2008 |
Difference |
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Corporate expenses |
14,208,319,933 |
10,990,784,835 |
-3,217,535,098 |
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Financial expenses |
16,269,493,900 |
-547,022,000 |
-16,816,519,900 |
- Corporate expenses: According to the plan in the last 6 months 2008, the company and its subsidiaries have to strengthen corporate management in order to reduce corporate expenses including advertising, printing, maintaining… Thus the corporate expenses reduced VND3,217,535,098, equivalent to 22.65% compared to that in Q2/08.
- Financial expenses: Market price of listed stocks in the investment portfolio of the company was higher than that at June 30th 2008. Therefore, it reimbursed a part of devaluation provision for the investment which was deducted in Q2/08.
HoSE
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