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VFG: Explanation for business result in QIII/2011
Viet Nam Fumigation JSC (HOSE: VFC) has explained the business result in QIII/2011 compared to QIII/2010:
|
QIII/2011 |
QIII/2010 |
Different value |
Different ratio |
|
Profit after tax |
VND33,271,166,981 |
VND23,164,449,033 |
VND10,106,717,948 |
+14% |
Reasons:
- Total revenue in QIII/2011 increased 21% and gross profit increased 25%. Net operating profit in QIII/2011 rose 14% compared to the same period of last year
- Expenses
+ Cost of goods sold increased 18% compared to the same period of 2010
+ Financial expense decreased 10% from QIII/2010, in which interest expense decreased 32% while exchange rate difference increased 36%. The Company’s financial expense decreased because the Company balanced cash flows, raised funds effectively, decreased bank loans, and made interest expense sharply lower than the same period in 2010
+ Selling expenses increased 58% against QIII/2010 because there have been difficulties in pharmaceutics for agriculture in 2011 and the company had to expanded promotion activities
+ Administrative expense went up 40% compared to QIII/2010.
HOSE
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