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NHW: Explanation for business results in QIII/2011
Ngo Han JSC (HOSE: NHW) has explained difference of profit in QIII/2011 and QIII/2010 as follows:
- Net revenue at VND298,4 billion, decreased over 8% compared with the same last year. Profit after tax at VND13.26 billion, increased 64.5% compared with QIII/2011 (VND8,06 billion)
- Profit after tax QIII/2011 increased 64.5% compared with the same last year:
+ Net revenue decreased 8% but with control of expenses line to make profit increase, gross profit is increased 5% compared with the same last year
+ According the Resolution No.08/2011/QH13 business income tax decreased 30% in year 2011. In QIII/2011 Ngo Han JSC readjusted business income tax of the last quarter.
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Items |
QIII/2010 |
QIII/2011 |
Rising |
Accumulation of the 09 months of 2011 |
|
Net revenue |
325,396,099,976 |
298,335,995,904 |
-8% |
1,020,335,476,512 |
|
Cost of goods sold |
304,512,156,912 |
276,375,899,992 |
-9% |
917,033,688,628 |
|
Gross profit |
20,883,943,064 |
21,960,095,912 |
5% |
103,321,787,884 |
|
Total expenses |
10,136,168,058 |
9,715,104,771 |
-4% |
48,996,121,585 |
|
Profit before tax |
10,747,775,006 |
12,244,991,141 |
14% |
54,325,666,299 |
|
Business income tax |
2,686,943,751 |
(1,013,177,187) |
|
9,506,991,602 |
|
Profit after tax |
8,060,831,254 |
13,258,168,328 |
64% |
44,818,674,697 |
HOSE
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