SJS: Explanation for business result in Q2/2010
Song Da Urban & Industrial Zone Investment and Development Joint Stock Company has explained business result in Q2/2010 as follows:
Unit: VND |
Items |
Q2/2010 |
Q2/2009 |
Change |
1. Sales |
392,351,304,893 |
153,792,714,333 |
255.12% |
2. Deductions |
10,221,405 |
228,979,289 |
4.46% |
3. Net sales and services |
392,341,083,488 |
153,563,735,044 |
255.49% |
4. Cost of goods sold |
110,254,795,812 |
76,320,862,151 |
144.46% |
5. Gross profit |
282,086,287,676 |
13,728,920,916 |
2054.69% |
6. Financial income |
18,988,269,694 |
13,728,920,916 |
138.31% |
7. Financial expenses |
932,314,948 |
905,035,380 |
103.01% |
8. Selling expenses |
634,356,254 |
183,352,878 |
345.98% |
9. General & administrative expenses |
12,381,831,151 |
13,715,661,323 |
90.28% |
10. Net operating profit |
287,126,055,017 |
76,167,744,228 |
4.41% |
11. Other income |
25,646,000 |
10,000,000 |
256.46% |
12. Other expenses |
120,396,083 |
414,464,307 |
29.05% |
13. Other profit |
(94,750,083) |
(404,464,307) |
23.43% |
14. Profit before tax |
287,031,304,934 |
75,763,279,921 |
2343.24% |
15. Current corporate income tax expenses |
71,691,925,254 |
- |
- |
16. Deferred corporate income tax expenses |
- |
13,258,573,986 |
0.00% |
17. Profit after tax |
215,339,379,680 |
62,504,705,935 |
-21336.66% |
18. EPS (VND/share) |
2,153 |
1,902 |
113.22% |
- Sales in Q2/2010 was VND392.35 billion, increasing 255.12% or VND238.56 billion compared to Q2/2009.
Reasons:
- Earnings from transference contracts of using lands, in which transference of the project of the - Nam An Khanh new urban accounted for 90% of sales in Q2/2010.
- Financial income in Q2/2010 was VND18.98 billion, increasing 138.31% or VND5.22 billion. Earnings were mainly from the activities of capital management mandate and deposit interest rate.
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