DBC: Explanation for change of over 10% in operating result in Consolidated Financial Statement QIV.2011
According to Consolidated Financial Statement QIV.2011, profit after tax of QIV.2011 increased by VND 26,663 million equaling 89% year on year. DABACO Group explained increase in operating result in QIV.2011 as follows:
- In QIV.2011, the consumption of cattle-feed increased by 43% year on year. Therefore, revenue of cattle-feed increased by VND 517,994 million equaling 81% and profit after tax increased by VND 101,004 million equaling 391% year on year.
- In 2011, the Company was deducted 30% of income tax. Thus, in QIV.2011, income tax payables of the Company decreased by VND 5,268 million.
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