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TCR: Explanation for business result in Q2/2009
Taicera Enterprise Company (TCR) has explained business result in Q2/2009 as follows:
|
Items
(Unit: VND) |
Q1/09 |
Q2/09 |
Comparison (%) |
|
Net sales |
128,505,151,000 |
228,505,320,600 |
77.82 |
|
COGS |
106,769,380,800 |
205,442,847,500 |
92.42 |
|
Financial expenses (Loss of difference of exchange rate) |
1,815,362,700 |
6,541,105,600 |
260.32 |
|
After-tax profit |
(9,619,780,200) |
(16,096,930,000) |
67.33 |
Reason:
- COGS in Q2/09 increased 92.42% compared to that in Q1/09 because the company upgraded all machines and equipments that led to increase of cost of each product.
- Loss of difference of current rate increased 260.32% compared to that in Q2/09 because the company paid debt in foreign currency costing about USD4 million rather than payment in Q1/09.
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