Thursday, 29/04/2010 16:19

BT6: Explanation for business difference

620 - Chau Thoi Concrete Corporation (620CCC) has explained profit after tax in quarter 1/2010 increased 207.25% beside quarter 1/2009 as follows:

Unit: dongs

Items

Quarter 1/2009

Quarter 1/2010

Change

+/-

%

Revenue

104,455,120,649

118,522,928,679

14,067,808,030

13.47

Cost of goods sold

91,405,869,715

79,938,265,604

-11,467,604,111

-12.55

Gross profit

13,049,250,934

38,584,663,075

25,535,412,141

195.68

Profit before tax

8,857,279,666

27,213,773,235

18,356,493,569

207.25

Profit after tax

6,642,959,749

20,410,329,926

13,767,370,177

207.25

Ratio of cost of goods sold on revenue in quarter 1/2010 (67.45%) was lower than that in quarter 1/2009 (87.51%). Therefore, the gross profit in quarter 1/2010 increased 25,535,412,141 dong (195.68%) because production activities arranged reasonable made productivity increase.

Profit after tax in quarter 1/2010 increased 13,767,370,177 dongs (207.25%) beside that 2009.

hose

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