Lamson Sugar Joint Stock Corporation explained the increase in profit after tax in Quarter 1/2012 compared to Quarter 1/2011:
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Profit
after tax in Quarter 1/2012 was VND37,299,931,320, decreasing VND57,947,524,000
or 60.84% from Quarter 1/2011 because of the following reasons:
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Revenue
from sales and service in Quarter 1.2012 decreased VND36,046,192,471 or 8.22%
compared to Quarter 1.2011 because the difficult situation, production
consumption was low and made production of LSS decreased in Quarter 1.2012.
Selling prices decreased from 7% to 8% compared Quarter 1.2011.
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Cost
of goods sold increased VND30,168,369,759 or
10.45% compared to Quarter 1.2011 because input expense increased leading
to product prices increased.
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Financial
income in Quarter 1.2012 decreased VND13,111,349,857 or 84% compared to Quarter
1.2011. Financial expense increased VND8,495,435,820 or 148% compared to
Quarter 1.2011 because lower deposit interest rates but higher bank loan interest rates from 19%
to 21%/year