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SAV: Explanation for business result in Q3.2011
Savimex Corporation (HOSE: SAV) explained the difference in profit between QIII/2011 and QIII/2010:
Unit: VND
|
Items |
QIII/2011 |
QIII/2010 |
Difference between the two quarters |
Difference ratio |
|
1 |
2 |
3 |
4 = 2-3 |
5 |
|
Net revenue |
124,116,141,414 |
124,166,508,074 |
-50,366,660 |
-0.04% |
|
In which: revenue from export |
101,441,649,253 |
66,825,991,412 |
34,615,657,841 |
51.80% |
|
Total revenue |
126,328,528,558 |
125,741,387,587 |
587,140,971 |
0.47% |
|
Profit before tax |
940,318,070 |
3,753,343,936 |
-2,813,025,866 |
-74.95% |
- Profit before tax in QIII/2011 decreased by VND2,813,025,866 from QIII/2010 because:
+ Export to Japan market was higher than the same period of 2010 (51.80%).
+ But the first 09 months of 2011: rising input material prices, transport expenses, interest expenses and other expenses.
+ The loss from activities of subsidiary company - SAVI Wood Product Company in QIII/2011 by VND1,153,467,702.
HOSE
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