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SGH: Business operating changes
According to the Financial Statement Quarter III/2011, net income is VND 7,019,711,190 with an increase of VND 202,190,835 (2.97%) compared to Quarter III/2010. Saigon Hotel Corporation (HNX: SGH) explained the increase in operating result in QIII/2011 as follows:
Unit: VND million
|
Descriptions |
QIII.2011 |
QIII.2010 |
Change |
|
Increase (+)/ Decrease (-) |
% |
|
Gross from sale of merchandise and services |
7,019,711,190 |
6,817,520,355 |
202,190,835 |
2.97 |
|
Financial income |
648,861,621 |
245,435,171 |
403,426,450 |
164.37 |
|
Other profit |
23,937,348 |
61,760,896 |
-37,823,548 |
-67.24 |
|
Cost of goods sold |
3,304,103,665 |
3,622,417,569 |
-318,313,904 |
-8.79 |
|
Selling expenses |
- |
- |
- |
|
|
Administration expenses |
1,077,529,382 |
644,278,751 |
433,250,631 |
67.25 |
|
Financial expenses |
-47,521,840 |
18,579,440 |
-66,101,280 |
-355.78 |
|
Profit before tax |
3,358,398,952 |
2,839,440,662 |
518,958,290 |
18.28 |
|
Income tax payable |
839,599,738 |
709,860,166 |
129,739,572 |
18.28 |
|
Profit after tax |
2,518,799,214 |
2,129,580,496 |
389,218,718 |
18.28 |
The increase of Gross from sale of merchandise and services and Financial profit is much more than the increase of Total expenses.
HNX
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