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VFG: Explanation for business result in QII/2011
Viet Nam Fumigation JSC (HOSE: VFC) has explained the business result in quarter 2/2011 as follows:
• Profit after tax in quarter 2/2011: VND35,346,541,547
• Profit after tax in quarter 2/2010: VND24,621,194,878
• Increased profit : VND10,725,346,669
• Increased ratio: 43.56%
Reasons:
• Revenue and cost of goods sold: Increased 31%, in which gross profit increased 63%; net profit increased 41% compared with the same period last year
Expenses:
+ Cost of goods sold increased 18% compared with the same period last year
+ Financial expenses: Decreased 79% compared with the same period last year, in which interest expenses decreased 76%; rate difference decreased 3%. Financial expenses decreased because stable exchange rate in quarter 2.2011
+ Selling expenses increased 134% compared with the same period last year, the company expanded promotion activities.
HOSE
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