IDI: Explanation for business result in Quarter 1.2012
International Development & Investment Corporation has explained the fluctuation in profit after tax in Quarter 1.2012 compared to Quarter 1.2011:
- Profit after tax in Quarter 1.2012 was VND5,562,649,945 decreasing 77.36% from Quarter 1.2011, because of the following reasons: + In Quarter 1.2012, revenue increased 33.61% compared to Quarter 1.2011, but the company had to lower the selling prices leading to gross profit was VND10,878,062,630 decreasing 21.21%. + In Quarter 1.2012, financial income decreased 84.18% compared to Quarter 1.2011, because USD buying rate of commercial banks decreased leading to financial income.
- Profit after tax in Quarter 1.2012 was VND5,562,649,945 decreasing 77.36% from Quarter 1.2011, because of the following reasons:
+ In Quarter 1.2012, revenue increased 33.61% compared to Quarter 1.2011, but the company had to lower the selling prices leading to gross profit was VND10,878,062,630 decreasing 21.21%.
+ In Quarter 1.2012, financial income decreased 84.18% compared to Quarter 1.2011, because USD buying rate of commercial banks decreased leading to financial income.
HOSE
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