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DJ: Business operational explanation
According to the Financial Statement Quarter III/2011, the operating result decreased over 10% in compare to Quarter III/2010. Song Da 25 JSC (HNX: SDJ) explained the decrease by 14% in operating result in QIII/ 2011 as follows:
Unit: VND
|
Items |
QIII/2011 |
QIII/2010 |
% change |
|
1. Net sales of merchandise and services |
51,573,466,716 |
59,504,913,229 |
-7,931,446,513 |
|
2. Financial income |
132,688,305 |
59,886,862 |
72,801,443 |
|
3. Cost of goods sold |
45,649,595,021 |
54,705,643,897 |
-9,056,048,876 |
|
4. Financial expenses |
3,521,438,767 |
2,346,428,569 |
1,175,010,198 |
|
5. General and administration expenses |
2,111,349,193 |
2,279,647,426 |
-168,298,233 |
|
6. Selling expenses |
153,979,477 |
157,108,006 |
-3,128,529 |
|
7. Other income |
|
2,045,845,909 |
-2,045,845,909 |
|
8. Other expenses |
239,619,384 |
1,751,641 |
237,867,743 |
|
9. Accounting profit (Loss) before tax |
30,173,179 |
2,120,066,461 |
-2,089,893,282 |
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10. Income tax payable |
44,160,295 |
284,789,354 |
-240,629,059 |
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11. Net profit (Loss) after tax |
-13,987,116 |
1,835,277,107 |
-1849,264,223 |
- Total revenue decreased by VND 9,904,490,979;
- Total expenses decreased by VND 7,814,597,697;
- Profit before tax decreased by VND 2,089,893,282;
- Banking borrow interest increased by VND 1,175,010,198
In first 9 months of 2011, the inflation of economy cause prices of materials, fuel, accessories and etc increased. The banking interest went on; the payment of projects owners and the investment reclaim were slow. Therefore, operating capital was stagnant making profit decreased.
HNX
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