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BT6: Explanation for business difference
620 - Chau Thoi Concrete Corporation (620CCC) (HOSE: BT6) has explained profit after tax in quarter 1/2011 beside quarter 1/2010 as follows:
Unit: Dongs
|
Items |
Quarter 1/2011 |
Quarter 1/2010 |
Change |
|
+/- |
% |
|
Revenue |
246,685,607,499 |
118,522,928,679 |
128,162,678,820 |
108.13 |
|
Cost of goods sold |
194,400,191,360 |
79,938,265,604 |
114,461,925,756 |
143.19 |
|
Gross profit |
52,285,416,139 |
38,584,663,075 |
13,700,753,064 |
35.51 |
|
Financial expenses |
16,640,320,474 |
3,031,323,485 |
13,608,362,989 |
448.83 |
|
Include: Interest expense |
12,499,440,835 |
1,851,323,399 |
10,648,117,436 |
575.16 |
|
General & administrative expenses |
13,538,501,005 |
8,482,070,596 |
5,056,430,409 |
59.61 |
|
Profit before tax |
22,556,287,601 |
27,213,773,235 |
-4,657,485,634 |
-17.11 |
|
Profit after tax |
16,917,215,701 |
20,410,329,926 |
-3,493,114,225 |
-17. |
Gross profit in quarter 1.2011 increased VND13,700,753,064 (+35.51%) compared with quarter 1.2010. However, Interest expense quarter 1.2011 increased highly VND10,648,117,436 (+575.16%), General & administrative expenses increased VND5,056,430,409 (+59.61%) compared with quarter 1.2010 leading to Profit after tax decreased by VND3,493,114,225 (-17.11%).
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