HLA: Explanation for business result in Quarter III/2011
Huu Lien Asia Corporation (HOSE: HLA) explained the business result in Quarter III/2011 compared to Quarter III/2010:
- Profit after tax in Quarter III/2011: VND11,451,106
- Profit after tax in Quarter III/2010: VND8,433,699,316
- Difference: (VND8,422,248,210)
Reasons:
- Items increasing profit:
- Increase in revenue: VND633,967,457,025
- Increase in financial income: VND3,337,994,001
- Decrease in other expenses: VND831,778,917
- Decrease in current corporate income tax: VND351,217,116
- Decrease in deferred corporate income tax: VND2,215,244,344
Total: VND640,703,691,403 (1)
- Items decreasing profit:
- Increase in cost of goods sold: VND630,910,694,268
- Increase in financial expense: VND10,763,008,569
- Increase in selling expense: VND5,245,069,744
- Decrease in financial income: VND1,780,076,916
- Decrease in other income: VND427,090,116
Total: VND649,125,939,613 (2)
(1) – (2): (VND8,422,248,210).
HOSE
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