FDG: Explanation for business result in Quarter 4/2011
Dongthap Trading Corporation explained the fluctuation in profit between Quarter 4/2011 and Quarter 4/2010:
- According to the financial statements of Docimexco (the parent copamy):
- Profit after tax of Quarter 4/2010: -VND15,610,299,952
- Profit after tax of Quarter 4/2011: VND4,894,586,195
Reason: Cost of goods sold and goods prices in Quarter 4/2011 increased high compared to Quarter 4/2010 leading to gross profit in Quarter 4/2011 increased over VND42 billion compared to Quarter 4/2010.
- Selling expenses and general & administrative expenses in Quarter 4/2011 decreased over VND3.5 billion leading to profit in Quarter 4/2011 increased
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