Tuesday, 09/03/2010 18:04

CSM: Explanation for Quarter 4/2009 business result

Southern Rubber Industry Joint Stock Company explained the fluctuation in Quarter 4/2009 business result as follows:

 

Quarter III

Quarter IV

Difference

Ratio

Net revenue

700,077,257,894

688,673,142,302

-11,404,115,592

98.37%

Production cost

561,987,143,273

613,508,425,493

51,521,282,220

109.17%

Profit before tax

138,090,114,621

75,164,716,809

-62,925,397,812

54.43%

Profit in Quarter IV in 2009 was lower than Quarter III because production cost increased by VND51.5  billion, in which: Cost of goods sold raised by 5.82% because main materials, fuel in period were high. Natural rubber increased averagely VND9.325 per kilogram, or 28 percent. 

The ratio of selling expense to revenue was up 0.76% from Quarter 3/2009.

hose

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