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RIC: QIII/2011 business results explanation
Royal International Corporation (HOSE: RIC) has explained profit in QIII/2011 increased more than that in QIII/2010 because:
Unit: VND
|
Tems |
QIII/2011 |
QIII/2010 |
Rate (+)/(-) |
|
Revenue |
62,105,297,184 |
53,318,986,744 |
16 |
|
Financial income |
799,396,884 |
11,260,450,688 |
(93) |
|
Cost of goods sold |
22,597,520,184 |
18,212,091,768 |
24 |
|
Selling expenses |
3,205,632,456 |
5,081,045,888 |
(37) |
|
General & administrative expenses |
8,860,922,424 |
8,316,373,232 |
7 |
|
Total |
34,664,075,064 |
31,609,510,888 |
10 |
|
Profit after tax |
11,327,742,432 |
17,483,171,904 |
(35) |
- Revenue, expenses in QIII/2011 increased compared to QIII/2010 because change of exchange because exchange rate of September 30, 2011 higher than exchange rate of December 30, 2010 leading to revenue and expenses conversion to VND as increased
- Cost of goods sold, selling expenses decreased because the company has carried assortment of costs from selling expenses to cost of goods sold
- Revenue increased but profit decreased because difference of financial income mainly difference of exchange rate (Financial income in QIII/2011 was VND11,260,450,688, QIII/2011 was VND799,396,884).
HOSE
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