FDG: Explanation for business result in QIII/2011
Dongthap Trading Corporation (HOSE: FDG) explained the fluctuation in profit between QIII/2011 and QIII/2010:
- According to the financial statements of Docimexco (The parent copamy):
- Profit after tax of QIII/2010: VND21,231,104,198
- Profit after tax of QIII/2011: -VND10,804,265,459
- Reason: Sales in QIII/2011 was VND379,088,035,408 lower than QIII/2010 fix VND11 billion. Rate of cost of goods sold on sales in QIII/2011 increased high compared to QIII/2010 leading to gross profit decreased.
- Interest expenses in QIII/2011 higher than QIII/2010 because interest expenses high.
HOSE
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