|
CYC: Explanation for business result in 2009&2010
Chang Yih Ceramic JSC (HOSE: CYC) has explained business result in 2009&2010 and business plan in 2011 as follows:
In 2010 the company not issued shares to transfer U.S. $ 4,000,000 (Equipment VND64,000,000,000), was derived for the difference exchange rate was VND10,176,000,000, affecting business results in 2009 by VND3,856,000,000 and business results of 2010 by VND2,412,000,000
- Loss of the company was VND464,326,425 in 2010
- Business plan in 2011:
|
Items |
Year 2009 |
Year 2010 |
Year 2011 |
Year 2012 |
|
1. Sales |
260,618,774,700 |
279,885,894,260 |
300,877,336,330 |
330,965,069,962 |
|
2. Deductions |
973,629,363 |
271,538,657 |
877,336,330 |
921,203,147 |
|
3. Net sales and services |
259,645,145,337 |
279,614,355,603 |
300,000,000,000 |
330,043,866,816 |
|
4. Cost of goods sold |
220,588,557,211 |
239,377,341,148 |
249,000,000,000 |
267,335,532,121 |
|
5. Gross profit |
39,056,588,126 |
40,237,014,455 |
51,000,000,000 |
62,708,334,695 |
|
6. Financial income |
3,804,307,464 |
4,480,415,950 |
4,614,828,429 |
5,076,311,271 |
|
7. Financial expenses |
19,379,115,570 |
20,013,654,492 |
18,408,795,755 |
20,617,851,246 |
|
Include: Interest expense |
6,622,838,517 |
8,654,932,462 |
9,087,679,085 |
10,450,830,948 |
|
8. Selling expenses |
24,219,159,984 |
14,745,655,282 |
16,220,220,810 |
17,842,242,891 |
|
9. General & administrative expenses |
8,266,525,713 |
8,443,276,479 |
10,131,931,775 |
11,651,721,541 |
|
10. Net operating profit |
-9,003,905,677 |
1,514,844,152 |
10,853,880,089 |
17,672,830,289 |
|
11. Other income |
2,280,048,896 |
1,076,615,702 |
1,184,277,272 |
1,302,704,999 |
|
12. Other expenses |
1,804,513,036 |
890,303,483 |
979,333,831 |
1,077,267,214 |
|
13. Other profit |
475,535,860 |
186,312,219 |
204,943,441 |
225,437,785 |
|
14. Profit before tax |
-8,528,369,817 |
1,701,156,371 |
11,058,823,529 |
17,898,268,074 |
|
15. Current corporate income tax expenses |
- |
2,755,945,831 |
1,658,823,529 |
2,684,740,211 |
|
16. Deferred corporate income tax expenses |
-503,840,129 |
-590,463,035 |
-600,000,000 |
-660,000,000 |
|
17. Profit after tax |
-8,024,529,688 |
-464,326,425 |
10,000,000,000 |
15,873,527,863 |
- Loss of the company was VND466,166,196 in the first 06 months 2011 because input price of materials increase high affecting to business results 06 months 2011. Although, profit was VND900,500,700
- In the end 06 months 2011, pushing sales revenue, decreasing expenses and increasing profit by developing customer care policies and finding new clients.
HOSE
|
