BMI: Explanation for business result in Quarter 1/2012
Baominh Insurance Corporation has explained the fluctuation in business result in Quarter 1/2012 compared to Quarter 1/2011:
By: million dongs
Quarter 1/2012 Quarter 1/2011 Comparison (%) A 1 2 3=1/2 Net revenue 407,027 389,708 104.44% Selling expense 293,829 252,713 116.27% Administrative expense 177,026 120,902 96.79% Net operating profit (3,828) 16,093 (23.79%) Financial profit 41,912 40,982 102.27% Profit before tax 47,889 62,682 76.40% Profit after tax 36,525 53,222 68.63% - Net revenue in Quarter 1/2012 increased 4.4% against Quarter 1/2011, while total selling expense rose 16.27% and selling expense rose. Expenses went up because of difficulties of economy, inflation, costs. - In Quarter 1/2012, the Company had net operating loss of VND3.83 billion compared to profit of VND16.09 billion in Quarter 1/2011 because the growth speed of expenses was higher than revenue. - Financial profit in Quarter 1/2012 decreased 2.27% over Quarter 1/2011. - Total profit in Quarter 1/2012 of parent company went down 40.33% and consolidated profit in Quarter 1/2012 decreased 24.6% because net operating profit and financial profit failed. Profit after tax in Quarter 1/2012 of parent company went down 48.75% and consolidated profit in Quarter 1/2012 decreased 31.37%, because Baominh Insurance Corporation has not decreased corporate income tax in 2012.
Quarter 1/2012
Quarter 1/2011
Comparison (%)
A
1
2
3=1/2
Net revenue
407,027
389,708
104.44%
Selling expense
293,829
252,713
116.27%
Administrative expense
177,026
120,902
96.79%
Net operating profit
(3,828)
16,093
(23.79%)
Financial profit
41,912
40,982
102.27%
Profit before tax
47,889
62,682
76.40%
Profit after tax
36,525
53,222
68.63%
- Net revenue in Quarter 1/2012 increased 4.4% against Quarter 1/2011, while total selling expense rose 16.27% and selling expense rose. Expenses went up because of difficulties of economy, inflation, costs.
- In Quarter 1/2012, the Company had net operating loss of VND3.83 billion compared to profit of VND16.09 billion in Quarter 1/2011 because the growth speed of expenses was higher than revenue.
- Financial profit in Quarter 1/2012 decreased 2.27% over Quarter 1/2011.
- Total profit in Quarter 1/2012 of parent company went down 40.33% and consolidated profit in Quarter 1/2012 decreased 24.6% because net operating profit and financial profit failed. Profit after tax in Quarter 1/2012 of parent company went down 48.75% and consolidated profit in Quarter 1/2012 decreased 31.37%, because Baominh Insurance Corporation has not decreased corporate income tax in 2012.
HOSE
> ALP: Explanation for business result in Q1/2012 (24/05/2012)
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> PIT: The BOD’s resolution of additional share issuance (24/05/2012)
> PXT: Explanation for business result in Q1.2012 (23/05/2012)
> SJS delays AGM 2012 (23/05/2012)
> VSI: Explanation for business result in Q1.2012 (Consolidated) (23/05/2012)
> LGL: Long Giang Land invests in Nghia Do Company (23/05/2012)
> TMP: Resolution of Annual General Meeting 2012 (23/05/2012)
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