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HLA: Explanation for business result in Quarter II.2011
Huu Lien Asia Corporation (HOSE: HLA) explained the business result in QII/2011 compared to QII/2010:
- Profit after tax in QII/2011: (VND11,703,312,903)
- Profit after tax in QII/2010: (VND9,839,261,162)
- Difference: (VND21,542,574,065)
Reasons:
- Items increasing profit:
- Increase in revenue: VND660,318,720,691
- Increase in financial income: VND569,046,723
- Decrease in other expenses: VND418,018,338
- Decrease in current corporate income tax: VND3,728,824,916
- Decrease in deferred corporate income tax: VND427,015,696
Total: VND665,461,626,364 (1)
- Items decreasing profit:
- Increase in cost of goods sold: VND671,814,558,369
- Increase in financial expense: VND1,070,117,666
- Increase in selling expense: VND6,727,531,872
- Increase in administrative expense: VND4,922,349,131
- Decrease in other income: VND583,056,712
- Decrease in joint-ventures: VND1,886,586,679
Total: VND687,004,200,429 (2)
(1) – (2): (VND21,542,574,065)
HOSE
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