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%:
Items
|
Quarter 2/2011
|
Quarter 2/2012
|
Difference
|
|
1
|
2
|
2-1
|
1. Sales
|
148,241,693,480
|
116,775,260,884
|
(31,466,432,596)
|
2. Cost of goods
sold
|
74,461,431,005
|
68,104,034,938
|
(6,357,396,067)
|
3. Gross profit
|
73,780,262,475
|
48,671,225,946
|
(25,109,036,529)
|
4. Financial income
|
3,606,132
|
6,987,351
|
3,381,219
|
5. Financial
expenses
|
47,563,819,956
|
24,094,944,829
|
(23,468,875,127)
|
6. Selling expenses
|
14,318,036,295
|
14,168,368,751
|
(149,667,544)
|
7. General &
administrative expenses
|
12,256,075,997
|
8,601,880,519
|
(3,654,195,478)
|
8. Net operating
profit
|
(354,063,641)
|
1,813,019,198
|
2,167,082,839
|
9. Other revenue
|
5,672,523,493
|
4,409,227,328
|
(1,263,296,165)
|
10. Other expenses
|
4,768,991,736
|
4,676,375,687
|
(92,616,049)
|
11. Other income
|
903,531,757
|
(267,148,359)
|
(1,170,680,116)
|
12. Current
corporate income tax expenses
|
137,367,029
|
386,467,710
|
249,100,681
|
13. Profit after tax
(60=50 - 51 - 52)
|
412,101,087
|
1,159,403,129
|
747,302,042
|
-
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:
|
|
1. Net revenue and cost of
goods sold:
+
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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