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SAV: Explanation for business result in Q4.2010
Savimex Corporation (HOSE: SAV) explained the difference in profit between Quarter 4/2010 and Quarter 4/2009:
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Unit: VND |
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Note |
Quarter 4/2010 |
Quarter 4/2009 |
Difference between the two quarters |
Difference ratio |
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1 |
2 |
3 |
4 = 2-3 |
5 |
| Net revenue |
142,079,092,508 |
110,756,541,246 |
31,322,551,262 |
22.05% |
| In which: Revenue from export |
99,721,607,856 |
77,885,269,864 |
21,836,337,992 |
21.90% |
| Total revenue |
153,963,347,456 |
113,873,396,009 |
40,089,951,447 |
26.04% |
| Profit before tax |
4,308,073,048 |
2,124,075,479 |
2,183,997,569 |
50.70% |
Profit before tax in Quarter 4/2010 increased by VND2,183,997,569 from Quarter 4/2009 because:
• Export to Japan market was higher than the same period of 2009.
• Other payable debts which nobody demanded payment from last years will be transferred to other income.
• Debt in KDC Phu Thuan Project in District 7 was transferred to other income because the Company completed financial duty for canal grounds.
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