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DAG: Explanation for business result in QIII/2011
Dong A Plastic Group JSC (HOSE: DAG) explained the fluctuation in profit after tax in QIII/2011 compared to the same period of 2010 according to the consolidated financial statements in QIII/2011:
|
Items |
QIII/2011 |
QIII/2010 |
% change compared to the same period last year |
|
Revenue |
154,538,559,141 |
93,260,076,042 |
65.7% |
|
Cost of goods sold |
132,950,677,716 |
73,920,140,468 |
79.9% |
|
% cost of goods sold on revenue |
86% |
79.3% |
|
|
Interest expenses |
10,113,914,834 |
3,788,974,062 |
166.9% |
|
Profit after tax |
1,505,423,624 |
6,506,784,056 |
-76.9% |
|
Profit after tax on revenue |
0.97% |
6.98% |
|
- Revenue increased 65% compared to the same period of last year, profit after tax decreased compared to the same period of last year because cost of goods sold increased (High material price, high input from import because foreign exchange rate increased). High inflation and high loan interest rates leading to interest expenses increased.
HOSE
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