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SRC: Explanation for business results in Q2/2011
Sao Vang Rubber JSC (HOSE: SRC) has explained the profit after tax in quarter 2/2011 decreased VND9,437,794,549 beside quarter 2/2010 as follows:
Unit: VND
|
Items |
Quarrter 2/2011 |
Quarter 2/2010 |
Difference |
Rate (%) |
|
1. Revenue |
297,088,560,079 |
295,112,837,752 |
1,975,722,327 |
0.67 |
|
2. Deductions |
436,711,845 |
160,695,473 |
276,016,372 |
171.76 |
|
3. Cost of goods sold |
276,669,261,913 |
268,908,584,448 |
7,760,677,465 |
2.89 |
|
4. Financial incomes |
1,068,662,434 |
461,316,263 |
607,346,171 |
131.66 |
|
5. Financial expenses |
11,935,601,307 |
10,492,299,976 |
1,443,301,331 |
13.76 |
|
6. Selling expenses |
9,024,639,155 |
6,831,043,070 |
2,193,596,085 |
32.11 |
|
7. General & administrative expenses |
7,803,711,833 |
7,093,233,229 |
710,478,604 |
10.02 |
|
9. Other income |
316,329,139 |
321,401,359 |
(5,072,220) |
(1.58) |
|
10. Other expenses |
10,482,256 |
88,627,301 |
(78,145,045) |
(88.17) |
|
11. Current corporate income tax expenses |
0 |
290,133,985 |
(290,133,985) |
(100.00) |
|
12. Profit after tax |
(7,406,856,657) |
2,030,937,892 |
(9,437,794,549) |
(464.70) |
- Revenue increased VND1,975,722,327 and cost of goods sold increased VND7,760,677,550 because price of natural latex of rubber trees in quarter 2/2011 increased higher then that in quarter 2/2010 to profit decreased VND5,784,955,138.
- Financial expenses increased because bank rate expenses and exchange rate differences increased to profit decreased VND1,443,301,331.
- Selling price and General & administrative expenses increased to profit decreased VND2,904,074,689
- Deductions increased VND276,016,372, Financial incomes increased VND607,346,171. Other income decreased VND5,072,220, other expenses decreased VND78,145,045, Current corporate income tax expenses decreased VND290,133,985 to profit after tax decreased VND9,437,794,549 compared with quarter 2/2010.
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