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EVE: Explanation for business result in Quarter 1/2011
Everpia VietNam Joint Stock Company (HOSE: EVE) explained the fluctuation in business results in Quarter 1/2011 compared to the same period of 2010 according to the consolidated financial statements in Quarter 1/2011:
Unit: VND
|
Item |
Year 2011 |
Year 2010 |
Difference (%) |
|
Profit after tax |
37,714,932,804 |
11,952,335,457 |
215.5 |
• In quarter 1/2011, revenue increased 96% from VND83,107,895,141 to VND162,734,175,783 compared the same period of 2010. The company has stockpiled large amounts of materials, stable cost of goods sold (56.5% of 2011 compared 57.5% year 2010)
• Besides, Selling expenses and General & administrative expenses in quarter 1/2011 of the company has adjusted reasonable to total expenses by 15.7% compared with total revenue (20.85% of 2010).
• Wherefore, Profit after tax in quarter 1/2011 increased 215.54%.
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