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SDN: Business operational explanation
According to the Financial Statement Quarter III/2011, the operating result decreased over 10% in compare to Quarter III/2010. Dong Nai Paint Corporation (HNX: SDN) explained the decrease by 14% in operating result in QIII/ 2011 as follows:
Unit: VND
|
Items |
QIII/2011 |
QIII/2010 |
% change |
|
Total of net income |
20,293,032,034 |
19,675,483,128 |
103 |
|
Cost of sold goods |
16,119,871,042 |
15,432,684,160 |
104 |
|
Accounting profit (Loss) before tax |
1,150,548,513 |
1,344,974,652 |
86 |
In 2011, the inflation of economy cause prices of materials, fuel, accessories and etc increased. Therefore the price of inventory goods went up that made banking borrow interest increased.
HNX
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