Friday, 13/11/2009 18:29

DXV: Explanation for business result in quarter 3/2009

Da Nang Construction Building Materials and Cement Joint Stock Company (DXV: COXIVA) has announced business result in quarter 3/2009 in comparison with that in quarter 2/2009:

Items

Unit

Quarter 3/2009

Quarter 2/2009

(%) Compare

Sales production

 

 

 

 

- Cement

Tons

138,193

167,477

83%

- Brick

Units

11,889,600

7,740,330

154%

- Packing

Units

5,970,837

6,230,576

96%

Revenue

Million dongs

174,226

209,177

83%

Cost of goods sold

Million dongs

164,804

194,459

85%

Profit before tax

Million dongs

2,306

4,558

51%

* Sales production of cement and packing (the products hold high proportions) in quarter 3/2009 decreased more than that in quarter 2/2009.

* Cost of goods sold decreased because revenue decreased. However, average of cost of packing in quarter 3/2009 increased 10% in comparison with that in quarter 2/2009 and made profit decreased.

* Revenue in quarter 3/2009 decreased 17% in comparison with that in quarter 2/2009 and made profit decreased because sales production decreased and average selling price decreased.

* Profit in quarter 3/2009 was 49% lower than that in quarter 2/2009.

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