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GTT: Explanation for profit in Quarter 2.2012 Thuan Thao Corporation has explained profit in Quarter 2/ 2012 increased compared with the same period last year VND747,302,042 or up 81.34%:
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Items
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Quarter 2/2011
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Quarter 2/2012
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Difference
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1
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2
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2-1
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1. Sales
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148,241,693,480
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116,775,260,884
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(31,466,432,596)
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2. Cost of goods
sold
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74,461,431,005
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68,104,034,938
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(6,357,396,067)
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3. Gross profit
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73,780,262,475
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48,671,225,946
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(25,109,036,529)
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4. Financial income
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3,606,132
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6,987,351
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3,381,219
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5. Financial
expenses
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47,563,819,956
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24,094,944,829
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(23,468,875,127)
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6. Selling expenses
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14,318,036,295
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14,168,368,751
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(149,667,544)
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7. General &
administrative expenses
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12,256,075,997
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8,601,880,519
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(3,654,195,478)
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8. Net operating
profit
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(354,063,641)
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1,813,019,198
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2,167,082,839
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9. Other revenue
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5,672,523,493
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4,409,227,328
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(1,263,296,165)
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10. Other expenses
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4,768,991,736
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4,676,375,687
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(92,616,049)
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11. Other income
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903,531,757
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(267,148,359)
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(1,170,680,116)
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12. Current
corporate income tax expenses
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137,367,029
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386,467,710
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249,100,681
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13. Profit after tax
(60=50 - 51 - 52)
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412,101,087
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1,159,403,129
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747,302,042
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-
Profit after tax in quarter 2/2012 increased VND747,302,042
or up 81.34% compared to the same period of last year the following reason:
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1. Net revenue and cost of
goods sold:
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Sales in quarter 2/2012 decreased VND31,466,432,596
or down 21.23% but cost of goods sold in quarter 2/2012 decreased 8.54% leading gross profit in quarter 2/2012 went
down VND25,109,036,529 or down 34.03% compared to quarter 2/2011.
+
Cost of goods sold increased because input expenses
and labor expenses rose more highly than quarter 2/2011.
2. Expenses:
+
Financial expenses in quarter 2/2012 decreased
VND23,468,875,127 of down 49.37% compared to the same period of last year
mainly because in quarter 2/2012, banks decreased loan interest rate and the company paid loans.
+
General & administrative expenses in quarter
2/2012 decreased VND3,654,195,478 or down 29.82% compared to quarter 2/2011
because the company decreased electricity, water, maintenance and
repair expenses. Therefore, net profit in quarter 2/2012 increased VND2,167,082,839 or
up 612.06% compared to quarter 2/2011.
3. Other income:
+
Other income in quarter 2/2012 decreased
VND1,170,680,116 or down 129.57% because in quarter 2/2012, liquidation of
vehicles were higher than quarter 2/2011.
+
Therefore, profit in quarter 2/2012 increased
VND747,302,042 or up 181.34% compared to the same period of last year.
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HOSE
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