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SPM: Explanation for business result in Quarter II/2010
S.P.M Corporation explained business result in Quarter II/2010 as follows:
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Quarter II-2010 |
Quarter II-2009 |
Comparison with the same period last year |
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+/- |
% |
|
Sales of goods |
83,891,999,509 |
71,408,939,893 |
12,483,059,616 |
17% |
|
Financial revenue |
2,770,068,339 |
131,573,935 |
2,638,494,404 |
2,005% |
|
Profit after tax |
23,079,366,104 |
17,640,830,625 |
5,438,535,479 |
31% |
Profit in Quarter II/2010 increase by VND5,438,535,479 (+31%) compared to Quarter II/2009 because of the following reasons:
- Sales in Quarter II/2010 increased by VND12,483,059,616 (+17%) compared to Quarter II/2009 because in late May 2009 the Company opened a new factory worth over VND180 billion, so the production ability in 2010 was improved (7 times higher than old factory’s) and have satisfied customers’ demand.
- Revenue from financial activities in Quarter II/2010 was up by VND2,638,494,404 (+2,005%) thanks to interest from the loan the Company lends Do Thanh Pharmaceutical Co., Ltd.: VND1,967,333,334.
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