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OGC: Explanation for Q1.2012 business result Ocean Group Joint Stock Company explained the reasons making profit in Quarter 1.2012 decrease over 10% from Quarter 1.2011:
By:
dongs
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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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Amount
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Ratio
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Net
profit from business activity
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19,306,425,817
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20,995,386,191
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(1,688,960,374)
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-8%
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Other
profit
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(1,230,842,049)
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(108,621,973)
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(1,122,220,076)
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1033%
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Gain/loss
in joint-venture
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27,735,758,114
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46,564,807,127
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(18,829,049,013)
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-40%
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Profit
before tax
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45,811,341,882
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67,451,571,345
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(21,640,229,463)
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-32%
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Corporation
income tax
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7,133,154,516
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9,364,683,180
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(2,231,528,664)
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-24%
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Profit
after tax
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38,678,187,366
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58,086,888,165
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(19,408,700,799)
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-33%
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-
Consolidated
profit after tax in Quarter 1.2012 was VND38,678,187,366, decreasing
VND19,408,700,799 or 33% compared to the same period of last year because the
following of reasons: -
Net
profit from business activity decreased VND1,688,960,374 (equal to 3% of profit
after tax in Quarter 1.2011) mainly the frozen of real estate market. -
Profit
in joint-venture decreased VND18,829,049,013 (equal to 32% of profit after tax
in Quarter 1.2011) because the negative effects of the market.
HOSE
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