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
|