HDO: Explanation for the change of over 10% in operating result in QI.2012 compared to QI.2011
According to the Financial Statement Quarter I/2012, profit after tax of Quarter I/2012 is VND1,609,968,043 with an decrease of over 10% year on year. Hung Dao Container JSC explained the decrease in operating result in Quarter I/2012 as follows:
- In QI/2012, net revenue increased by 7% compared to QI/2011 but cost of goods increased sharply by 20%. Thus, profit decreased over 12%
- Material and labor expenses increased
- Because interest expense increased 55.79%, profit before tax decreased 56.19%
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