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PAC: Explanation for business result in Q1/2012 Dry Cell and Storage Battery Joint Stock Company explained the fluctuation in profit after tax in Quarter 1/2012 compared to Quarter 1/2011:
By: VND
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No.
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Item
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Quarter
1/2012
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Quarter
1/2011
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Difference
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1
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2
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3
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4
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5=3-4
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6=5/4*100
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1
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Net
revenue
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342,359,723,080
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574,230,565,982
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(231,870,842,902)
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-40%
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2
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Cost of
goods sold
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275,083,510,325
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439,377,307,171
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(164,293,796,846)
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-37%
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3
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Financial
income
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1,337,800,548
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6,486,564,354
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(5,148,763,806)
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-79%
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4
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Current
corporate income tax expenses
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4,170,009,241
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3,950,770,856
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219,238,385
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6%
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5
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Profit
after tax
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12,510,027,722
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36,271,168,626
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(23,761,140,904)
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-52%
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-
In
quarter 1/2011 the buying power of the market increased but in quarter 1/2012
buying power of the market decreased so revenue in quarter 1/2012 went down 40%
compared to the same period of last year. -
Depreciation
costs rose, while products did not went up so cost of goods sold on net revenue
increased highly. -
The
company has to pay loan interest rate highly so money volume were not much
leading financial income decreased. -
From 2012, the company is not refund 50%
income tax so profit before tax decreased 45% but income tax increased 6%. -
Therefore, profit after tax in
quarter 1/2012 decreased 52% compared to the same period of 2011.
HOSE
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