Tuesday, 29/05/2012 16:17

KSB: Explanation for business result in Quarter 1/2012

Binh Duong Mineral and Construction Joint Stock Company explained the fluctuation in business results between Quarter 1/2012 and Quarter 1/2011:

By: VND

Item

Quarter 1/2012

Quarter 1/2011

Comparison

(%)

A

1

2

3 = 1/2

Revenue

111,241,746,587

126,232,035,032

88%

Financial revenue

1,702,301,356

7,774,417,761

22%

Other income

454,417,446

626,131,429

73%

Expenses

89,172,033,836

88,880,138,472

100%

Profit before tax

24,226,431,553

45,752,445,750

53%

Profit after tax

18,156,373,612

35,477,896,522

51%

1. In 2012, the economy of Vietnam has had many challenges because of inflation and fiscal tightening, specials in quarter 1/2012, so the demand of building materials decreased. The selling of products of KSB in quarter 1/2012 went down 12% compared to quarter 1/2011.

2. Financial income in quarter 1/2012 decreased 78% compared to quarter 1/2011 because in quarter 1/2011 rose highly thanks to the difference in foreign exchange rate: VND 4,901,594,503.

3. Profit before tax in quarter 1/2012 decreased 49% compared to quarter 1/2011.

HOSE

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