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KSD: Reviewed FS of 2011 Explanation (Holding company)
South East Asia Hamico Export JSC (HNX: KSD) explained the decrease in operating result in the first 6 months of 2011 as below:
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Target |
First 6 months of 2010 |
First 6 months of 2011 |
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Gross sales of merchandise and services |
75,695,619,663 |
109,977,185,762 |
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Profit from sale of merchandise and services |
11,505,164,418 |
8,917,690,508 |
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Net profit from operating activities |
8,279,877,788 |
(873,038,285) |
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Expenses from financial activities
- Interest expenses |
4,104,593,537
1,384,520,673 |
6,904,697,266
3,909,834,409 |
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Selling expenses |
1,162,899,215 |
3,765,803,537 |
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Other expenses |
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2,616,292,703 |
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Profit after tax |
7,592,516,587 |
182,389,155 |
Main reason for the decrease in profit after tax is that bank interest and input materials such as steel, iron, paint, paper etc., and transportation expenses increased sharply.
HNX
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