|
QST: QII- 2011 Operating results explanation
According to the Financial Statement Quarter II/2011, profit after tax is VND 674,888,420. Quang Ninh Book and Educational Equipment JSC explained the increase in operating result year on year as follows:
1. The company was successful in 2 channels: Selling through school network and supermarket, Company’s bookshop network, so net revenue from sale increased by VND 1,536,831,607 (8,83%) year on year
2. Cost of goods sold increased by VND 477,076,892 (3,9%) year on year because the ratio of products with high issue fees such as reference books increased
3. The Company built a new book supermarket and extended retailed network so the company didn’t have to pay issue fees for customers. Therefore, selling expenses decreased year on year
4. Administration expense also decreased year on year because Management Board saw the difficulty of operation in 2011 so they directed the economy of expenses.
HNX
|
