Transport Engineering Construction & Business Investment Stock Company 584 (TECBIS 584 JSC) explained the fluctuation in business result in Quarter 1/2012 compared to Quarter 1/2011:
-
Profit
after tax in Quarter 1/2012: VND508,547,934
-
Profit
after tax in Quarter 1/2011: (VND4,623,023,136)
-
Difference:
VND5,131,571,070
-
Reason: In
Quarter 1/2012, Net income was higher than quarter 1/2011, gross profit
increased while financial expense and general and administration
expenses went down leading profit after tax in quarter 1/2012 was higher
than quarter 1/2011.
-
density
of cost of goods sold over revenue, interest expenses increased compared to
Quarter 3/2010 because input expenses, interest bank, etc leading profit in
Quarter 3/2011 loss and decreased compared to Quarter 2/2010.