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S99: Explanation for the change of over 5% in operating result in QIV- 2009
According to the Financial Statement of Quarter IV/2009, net income increased more than 5% compared to Quarter III/2009. Song Da No 9.09 JSC explained the increase in operating result in QIV/ 2009 as follows:
Unit: VND 1,000
|
No |
Indicators |
Quarter III/2009 |
Quarter IV/2009 |
% change |
|
1 |
Gross profit |
34,918,678 |
40,948,682 |
117 % |
|
2 |
Total expenses |
28,109,955 |
30,028,103 |
107 % |
|
3 |
Accounting Profit before tax |
6,808,723 |
10,920,579 |
160 % |
|
4 |
Net Profit after tax |
5,957,632 |
8,190,434 |
137 % |
Accounting profit before tax of Quarter IV/2009 increased 160% compared to Quarter III/2009:
- Gross profit of Quarter IV/2009 increased 117% compared to Q3/2009, meanwhile Total expenses only increased 107%, causing accounting profit increased relatively.
- In Quarter IV/2009, the company has sold 48,000 VCB shares at price higher than acquired price, causing the increase in financial income.
Net profit after tax increased 137%:
- Due to Accounting Profit before tax increased.
- In Quarter III/2009, the company has just accounted 50% of Corporate income tax into Payable taxes. However, in Quarter IV/2009 and whole year 2009, the company has accounted 100% of Corporate income tax into Payable taxes in pursuant to current regulation.
hnx
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