NHW: Explanation for business results in quarter 1/2012
Ngo Han Joint Stock Company has explained difference of profit in Quarter 1/2012 and Quarter 1/2011 as follows:
By:VND million
Quarter 1/2012 Quarter 1/2011 Different Increased/ decreased Sales 345.104 354.040 -8.936 -2.52% Cost of goods sold 331.154 307.057 24.097 7.85% Gross profit 13.950 46.983 -33.033 -70.31% Financial expenses 4.014 20.035 -16.021 -79.97% Selling expenses 1.585 2.142 -557 -26.00% General and administration expenses 3.371 3.596 -225 -6.26% Profit after tax 3.845 15.903 -12.058 -75.82% - Profit after tax Quarter 1/2012 was VND3.845 billion, decreasing 75.82% compared to the same last year, mainly because:+ Net revenue decreased VND8.94 billion or down 2.52% compared to the same last year but prices of copper in world market rose leading cost of goods sold went up VND24 billion or up 7.85%. Therefore, gross profit decreased 70.31% or down VND33.03 billion.+ Economic difficulties so the company controlled expenses, specials financial expenses decreased 79.97% compared to the same last year.
Quarter 1/2012
Quarter 1/2011
Different
Increased/ decreased
Sales
345.104
354.040
-8.936
-2.52%
Cost of goods sold
331.154
307.057
24.097
7.85%
Gross profit
13.950
46.983
-33.033
-70.31%
Financial expenses
4.014
20.035
-16.021
-79.97%
Selling expenses
1.585
2.142
-557
-26.00%
General and administration expenses
3.371
3.596
-225
-6.26%
Profit after tax
3.845
15.903
-12.058
-75.82%
- Profit after tax Quarter 1/2012 was VND3.845 billion, decreasing 75.82% compared to the same last year, mainly because:
+ Net revenue decreased VND8.94 billion or down 2.52% compared to the same last year but prices of copper in world market rose leading cost of goods sold went up VND24 billion or up 7.85%. Therefore, gross profit decreased 70.31% or down VND33.03 billion.
+ Economic difficulties so the company controlled expenses, specials financial expenses decreased 79.97% compared to the same last year.
HOSE
> SC5: Explanation for business result in Q1.2012 (23/06/2012)
> PAC: Explanation for business result in Q1/2012 (23/06/2012)
> SFI: Explanation for business result in Q1/2012 (23/06/2012)
> LCM: Resolution of the 2012 annual general meeting (23/06/2012)
> LHG: Resolution of the 2012 annual general meeting (23/06/2012)
> AAA: Results of General Meeting of Shareholders 2012 (22/06/2012)
> VIC: Announcement of changes in business license (22/06/2012)
> CMX: Resolution of AGM 2012 (22/06/2012)
> CII: Notice of extraordinary shareholders meeting (22/06/2012)
> FDC: Notice of the first 2012 extraordinary shareholders meeting (22/06/2012)
