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TDH: Explanation for differences in the consolidated profit in Q4.2011 Thu Duc Housing Development Corporation announced the fluctuation in the consolidated profit and loss in Quarter 4/2011 compared to Quarter 4/2010:
Unit: billion dongs
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Item
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Quarter 4
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Accumulative
|
|
2011
|
2010
|
2011
|
2010
|
|
Net
revenue from sales and services
|
161,708
|
215,018
|
532,981
|
557,241
|
|
Cost of
goods sold
|
133,382
|
103,337
|
400,843
|
327,852
|
|
Gross
profit
|
28,326
|
111,681
|
132,137
|
229,388
|
|
Financial
expense
|
40,411
|
7,935
|
93,075
|
16,351
|
|
Interest
expense
|
32,374
|
5,661
|
64,239
|
11,176
|
|
Selling
expense
|
11,707
|
4,529
|
19,265
|
11,830
|
|
General
& administrative expenses
|
19,978
|
22,397
|
63,711
|
75,066
|
|
Profit
after tax
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(27,329)
|
70,811
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(8,332)
|
248,230
|
|
Profit
after tax of minorities
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(13,029)
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(841)
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(13,323)
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(634)
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Profit
after tax of the parent company’s shareholders
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(14,299)
|
71,652
|
4,991
|
248,864
|
-
Net
revenue from sales and services in Quarter 4/2011 was VND161.7 billion, decreasing
-24.8% from the same period of last year. Gross profit was VND28.3 billion, decreasing
-74.6% from the same period of last year. Profit after tax was –VND27.3 billion
and profit after tax of parent company’s shareholders was –VND14.3 bilion
because of the following reasons: -
Net
revenue from sales and services
decreased because the economic were many difficult, the real estate was
stagnant, lower product sales leading to revenue in Quarter 4/2011 was VND161.7
billion, decreasing VND53.3 billion (-24.8%) from the same period of last year. -
Cost
of input materials increased to make impact cost of goods sold, cost of goods
sold was higher than the same period of last year leading to gross profit was
VND28.3 billion, decreasing VND83.4 billion (-74.6%) from the same period of
last year. -
Financial
expense, market interest rate increased and made the Corporation’s financial
expense increase from VND7.9 billion to VND40.4 billion including cost of
borrowing by VND32.4 billion, increasing about 06 times compared to the same
period of last year. -
Gross
profit decreased because revenue decreased, cost of input materials and
interest expense increased. -
Accumulative
of 2011: net revenue was VND532.98 billion, decreasing 4.4% compared to the
same period of last year and profit after tax of parent company’s shareholders
was VND4.99 billion.
HOSE
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