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DDM: Explanation for business result in quarter 1/2012 Dong Do Marine Joint Stock Company (Dong Do Marine) has explained reasons of profit before tax in quarter 1/2012 decreased VND131,992,026 against VND69,048,712 in quarter 1/2011, mainly because:
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Revenue
sales and services in quarter 1/2012 was VND78,918,229,628 increasing 3.1%
(VND2,375,905,164) compared to quarter 1/2011. However, Fuel and oil expense
increase highly leading cost of goods sold in quarter 1/2012 rose 16% (
VND7,880,441,777) compared to the same period of the last year. -
Interest
expense decreased because loan USD interest rate went down 2%/ year, Adjustment
of rate between USD/VND by the State Bank was stable and loss from unrealized foreign in
quarter 1/2012 decreased VND169,679,953 over VND1,455,488,733 in quarter 1/2011
making financial expense in quarter 1/2012 went down 42% ( VND7,057,990,060)
compared to the same period of the last year.
HOSE
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