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TDC: Explanation for business result in Q2/2010
Binh Duong Trade and Development Joint Stock Company has explained business result in Q2/2010 as follows:
|
Items (Unit: VND) |
6 months |
Difference |
|
2010 |
2009 |
|
1. Sales |
343,747,708,083 |
247,822,211,046 |
95,925,497,037 |
|
2. COGS |
282,474,892,505 |
212,439,373,598 |
70,035,518,907 |
|
3. Gross profit |
61,272,815,578 |
35,382,837,448 |
25,889,978,130 |
|
4. Financial income |
11,616,036,915 |
2,578,727,969 |
9,037,308,946 |
|
5. Financial expenses |
4,761,265,002 |
1,002,874,144 |
3,758,390,858 |
|
- Include: Interest expenses |
4,614,092,367 |
1,002,874,144 |
3,611,218,223 |
|
6. Selling expenses |
10,279,144,048 |
4,811,783,450 |
5,467,360,598 |
|
7. General & administrative expenses |
9,032,427,670 |
6,962,574,785 |
2,069,852,885 |
|
8. Net operating profit |
48,816,015,773 |
25,184,333,038 |
23,631,682,735 |
|
9. Other income |
8,202,903,367 |
11,146,824,679 |
-2,943,921,312 |
|
10. Other expenses |
896,531,198 |
1,536,027,223 |
-639,496,025 |
|
11. Other profit |
7,306,372,169 |
9,610,797,456 |
-2,304,425,287 |
|
12. Profit before tax |
56,122,387,942 |
34,795,130,494 |
21,327,257,448 |
|
13. Current corporate income tax expenses |
13,685,925,435 |
8,471,282,624 |
5,214,642,811 |
|
14. Deferred corporate income tax expenses |
- |
- |
- |
|
15. Profit after tax |
42,436,462,507 |
26,323,847,870 |
16,112,614,637 |
|
16. EPS |
2,122 |
2,632 |
-510 | After-tax profit in the first 6 months 2010 rose VND16,112,614,637 or 61.21% compared to the same period 2009
Reasons:
* Selling products of construction materials in Binh Duong province and neighboring areas increased thus net sales of trading construction materials in the first 6 months 2010 rose 27.83% or VND16.311 billion compared to Q2/2009.
* Production output and supply of fresh concrete, precise concrete to projects in Binh Duong province and neighboring areas increased, therefore net sales of selling finished products in the first 6 months 2010 advanced 15.26% or VND14.241 billion.
* Some real estate projects have completely handed over to customers such as Ruby Land village, high-class villa Coco Land, ecological villa Western Land… Net sales of trading real estate increased 66.73% or VND61.963 billion. In the first 6 months 2010, the company successfully offered the projects such as ecological villa Moon River, TDC Plaza high-class apartment block, Uni-Town trading center, Phu My apartment block…
* Financial income in the first 6 months 2010 rose 450% or VND9.038 billion. Earnings mainly were from term deposit, securities investment, dividend and distributed profit, other earnings. Securities investment gained VND6.595 billion, accounting for 50% sales of financial income.
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