MTG: Explanation for business results in Q3/2011
MT Gas JSC (HOSE: MTG) has announced explanation for business result in quarter 3/2011 as follows:
Unit: million dongs
Items |
Quarter 3/2011 |
Quarter 3/2010 |
Rate |
Difference |
Net revenue |
137,404.63 |
78,576.93 |
42.8 |
58,827.70 |
Gross profit |
3,848.56 |
1,696.90 |
55.9 |
2,151.66 |
Financial expenses |
4,531.69 |
4,178.86 |
7.78 |
352.83 |
Interest expenses |
3,015.60 |
508.93 |
83.12 |
2,506.67 |
Profit after tax |
152.05 |
(1,805.50) |
|
1,957.55 |
In quarter 3/2011, business results higher than quarter 3/2010 because:
- Revenue increased, cost of goods sold decreased leading to gross profit increased compared to quarter 3/2010. Beside, in quarter 3/2011 structure of petrol productions hold the weighting higher than quarter 3/2010 leading to revenue increased and profit high
- In quarter 3/2010 financial expenses increased leading to profit decreased
The estimated LPG price in the world in quarter 3/2010 decreased leading to business result in quarter 3/2010 loss by 1,805,50 million dongs.
HOSE
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