Dongthap Trading Corporation explained the fluctuation in profit between Quarter 1/2012 and Quarter 1/2011:
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Profit
after tax in Quarter 1/2011: VND 26,374,604,063
-
Profit
after tax in Quarter 1/2012: VND 3,383,960,160
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Reasons:
+
Rate
of gross profit on net revenue in Quarter 1/2011 was 6.55, Quarter 1/2012 was
7.98% because the Company’s sales in Quarter 1/2012 higher than in Quarter
1/2011. General and administration expenses have saved more than in Quarter
1/2011 by VND 854 million
-
However,
profit after tax only was 12.8% compared to Quarter 1/2011 because:
+
Revenue
in Quarter 1/2012 only was 35.6% compared to the same period of 2011, rice
selling output only was 39% compared to the same period of 2011 because main
market of the company has converted into the focus market.
+
Financial
income decreased about VND 20 billion because exchange rate of USD was more
stable the same period, financial expense increased because interest expenses
on loans increase leading to net profit decreased
