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RIC: Explanation for business results in quarter 2/2011
Royal International Corporation has explained profit in quarter 2/2011 increased more than that in quarter 2/2010 because:
Unit: VND
|
Items |
Quarter 2/2011 |
Quarter 2/2010 |
Rate (+)/(-) |
|
Revenue |
56,425,198,128 |
31,873,037,776 |
77 |
|
Cost of goods sold |
22,091,939,584 |
17,834,636,368 |
24 |
|
Selling expenses |
2,573,641,850 |
5,640,602,656 |
(54) |
|
General & administrative expenses |
10,213,600,514 |
6,923,513,664 |
48 |
|
Total |
34,879,181,948 |
30,398,752,688 |
15 |
|
Profit after tax |
16,383,145,272 |
3,808,826,336 |
330 |
- Revenue, profit after tax increased compared with quarter 2/2010 because as follows:
+ Revenue increased to Cost of goods sold, profit after tax increased
+ Revenue increased but financial expenses decreased because the company has carried assortment of costs from selling expenses to General & administrative expenses and saving measures leading to expenses decreased.
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