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CKV: Explanation for the change of over 10% in operating result in QIII-2010
On 25/10/2010, according to the Financial Statement Quarter III/2010, Post and Telecommunication Trading JSC explained the decrease in operating result in QIII/2010 as follows:
- Gross sales of merchandise and services in QIII/2010 were VND 9,253,948,401 reduces VND 6,302,114,875 in compare to QIII/2009 (VND 15,556,063,276), because of reducing income from sale of optical fibers and cooper cables. This cause reduce gross profit to VND 2,380,417,419 (QIII/2009: VND 4,213,819,004)
- Financial income went down VND 2,365,617,784 (QIII/2010: VND 3,030,187,555 and QIII/2009: VND 5,395,805,339) due to financial investment was low.
- Other incomes and other profit: QIII/2009: VND 65,046,772 and QIII/2010: VND 0. In QIII/2009 the company had liquidated old car.
In general, profit after tax of QIII/2010 was VND 744,064,322, reducing VND 662,251,415 (QIII/2009: VND 1,406,315,737).
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