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SMC: Explanation for business result in 6 months 2010
SMC Investment Trading Joint Stock Company has explained business result in the first 6 months 2010 as follows:
|
Items |
Unit |
Implementation of 6 months 2010 |
Implementation of 6 months 2009 |
Difference |
% Growth |
|
Selling output |
Tons |
220,710 |
194,801 |
25,909 |
13 |
|
Sales |
VND1,000 |
2,653,183,199 |
1,939,994,368 |
713,188,831 |
37 |
|
COGS |
VND1,000 |
2,577,149,242 |
1,905,495,649 |
671,653,593 |
35 |
|
After-tax profit |
VND1,000 |
38,962,581 |
16,502,797 |
22,459,784 |
136 |
The company expanded the market. Its products were consumed well. Profit ratio was higher than the previous term.
Products in stock were consumed in Q2/2010. COGS was low leading to increase of profit.
Earnings from advanced payment of customers also contributed to increase of profit.
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