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TTF: Business result in Q3/08
Truong Thanh Furniture Corporation (TTFC) has explained business result in Q3/08 as follows:
|
|
Q2/2008 |
Q3/2008 |
Difference |
Rate |
|
Net sales |
133,226,498,303 |
149,010,565,587 |
15,784,067,284 |
11.85% |
|
Gross profit |
44,621,083,882 |
34,118,162,099 |
-10,502,921,783 |
-23.54% |
|
Profit after tax |
8,381,062,453 |
2,088,884,906 |
-6,292,177,547 |
-75.08% |
|
Profit after tax of parent company |
7,366,176,072 |
2,034,188,313 |
-5,331,987,759 |
-72.38% |
Profit rapidly decreased due to the following reasons:
- Increase of cost of goods sold (high price of materials and high labor expenses).
- Financial expenses significantly rose because of fluctuation of exchange rate.
HoSE
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