CMV: Explanation for business result in Q1.2012
Camau Trading Joint Stock Company (CAMEX) has explained the fluctuation in business results in Quarter I/2012 compared to Quarter I/2011, according to the Quarter I/2012 consolidated financial statements:
Net income in Quarter I/2012 was VND1,188,527,310,774 increasing 16.67% compared to the Quarter I/2011 net income of VND1,018,633,184,045, because the following reasons: Prices of goods and petrol continued increasing. Income of subsidiaries in Quarter I/2012 rose from 20% to 36% compared to the same period of last year. Profit before tax in Quarter I/2012 gained VND12,602,213,250 against VND14,342,486,486 in Quarter I/2011, equivalent to a decrease of 12.13%, because: Profit from petrol business decreased sharply because the discounts from importers to general agents went down. Profit from department business in Ca Mau market went down .
Net income in Quarter I/2012 was VND1,188,527,310,774 increasing 16.67% compared to the Quarter I/2011 net income of VND1,018,633,184,045, because the following reasons:
Profit before tax in Quarter I/2012 gained VND12,602,213,250 against VND14,342,486,486 in Quarter I/2011, equivalent to a decrease of 12.13%, because:
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