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GGG: Business operational explanation
According to the Financial Statement QIII/2011, profit after tax of QIII/2011 changed over 10% year on year.
|
Items |
QIII/2011 |
QIII/2010 |
Change |
|
Value |
% |
|
Accounting profit (loss) before tax |
(7,831,604,236) |
1,092,295,939 |
(8,923,900,175) |
-816.99% |
|
Net sales of merchandise and services |
14,873,684,157 |
42,504,674,855 |
(27,630,990,698) |
-65.01% |
|
Cost of goods sold |
13,970,116,186 |
32,920,596,057 |
(18,950,479,871) |
-57.56% |
|
Fianancial expenses |
7,432,259,397 |
6,565,998,726 |
866,260,671 |
13.19% |
|
Selling expenses |
398,405,042 |
398,032,812 |
372,230 |
0.09% |
|
Administration expenses |
897,349,293 |
1,005,746,049 |
(108,396,756) |
-10.78% |
GiaiPhong Motor JSC (HNX: GGG) explained the change in operating result in QIII/2011 as follows:
- Revenue from QIII.2011 decreased because the number of vehicles sold was low, mainly small vehicles with low prices
- Financial expenses increased because interest rate increased
- Selling expenses increased
- Administration expenses decreased as operation expenses decreased.
HNX
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