The profit after tax of holding company was –VND10,366,887,974.
Reasons:
- In 2011, cost of goods sold of food aquatic was high, price of fishes decreased.
- Financial expense (interest expense) for investment and operation increased; Selling expense of 2011 increased compared to 2010 because the direct exportation of the company caused the shipping cost, goods inspection costs, …
- Processing cost, inventory cost, petroleum prices, electric prices increased since quarter I of 2011. Thus, the expense of selling services as loading, forwarding, transporting … increased.
