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DXV: Explanation for business result in Q4.2010
Da Nang Construction Building Materials and Cement Joint Stock Company (COXIVA) (HOSE: DXV) explained the fluctuation in Profit before tax in Quarter 4/2010 compared to Quarter 4/2009:
|
|
Unit |
Quarter 4/2010 |
Quarter 4/2009 |
Comparison (%) |
|
Selling production |
|
|
|
|
|
- Cement |
Ton |
106,635 |
139,146 |
77% |
|
- Bricks |
Brick |
8,020,716 |
11,152,252 |
72% |
|
- Package |
Package |
6,677,930 |
5,778,413 |
116% |
|
Total revenue |
Million dongs |
162,723 |
174,201 |
93% |
|
Cost of goods sold |
Million dongs |
134,369 |
167,834 |
80% |
|
Profit before tax |
Million dongs |
26,276 |
3,117 |
843% |
• Production of cement, bricks sold in Quarter 4/2010 decreased by 23% compared to Quarter 4/2009 because of sharp competition from other materials.
• In Quarter 4/2010, the Company transferred a house at 21 Tran Phu, Da Nang City and gained a revenue of VND39 billion.
• Profit in Quarter 4/2010 was equal to 843% of profit in Quarter 4/2009 thanks to the profit from selling the house of VND27,064 billion. However, profit from business operations lost VND788 million.
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