SEC: Explanation for business result in Q2/2012
Gia Lai Cane Sugar Thermoelectricity Joint Stock Company has explained the fluctuation in business result of Quarter 2/2012 compared to Quarter 2/2011:
By: billion dongs Item Quarter 2/2012 Quarter 2/2011 Difference +/- % Financial revenue 1,160 1,893 -733 -38.72% Financial expense 13,465 9,333 4,132 44.27% Current corporate income tax expenses 4,717 2,958 1,759 59.46% Sugar prices before tax 15,712 16,483 Profit after tax 18,067 25,088 -7,021 -28% Profit after tax in quarter 2/2012 was VND18.66 billion decreasing VND7.02 billion (-28%) compared to quarter 2/2011. Reason: - Financial expense increased leading profit decreased VND4.13 billion - Tax increased leading profit decreased VND1.75 billion - Other factors decreased as financial revenue and sugar price went down making profit after tax in quarter 2/2012 decreased compared to the same period of last year.
By: billion dongs
Item
Quarter 2/2012
Quarter 2/2011
Difference
+/-
%
Financial revenue
1,160
1,893
-733
-38.72%
Financial expense
13,465
9,333
4,132
44.27%
Current corporate income tax expenses
4,717
2,958
1,759
59.46%
Sugar prices before tax
15,712
16,483
Profit after tax
18,067
25,088
-7,021
-28%
Profit after tax in quarter 2/2012 was VND18.66 billion decreasing VND7.02 billion (-28%) compared to quarter 2/2011.
Reason:
- Financial expense increased leading profit decreased VND4.13 billion
- Tax increased leading profit decreased VND1.75 billion
- Other factors decreased as financial revenue and sugar price went down making profit after tax in quarter 2/2012 decreased compared to the same period of last year.
HOSE
> DRL: Explanation for business result in Q2/2012 (31/07/2012)
> FPT: Business result in the first 6 months of 2012 (31/07/2012)
> FBA: Notice of record date for Extraordinary General Meeting of Shareholders and list of shareholders (31/07/2012)
> TAG: Financial Statement Quarter 2_2012 (31/07/2012)
> HST: Financial Statement Quarter 2_2012 (31/07/2012)
> CTC: Financial Statement Quarter 2_2012 _holding company (31/07/2012)
> VTB: Explanation for business result in Q2.2012 (31/07/2012)
> RAL: Explanation for business result in Q2.2012 (31/07/2012)
> SMC: Explanation for business result in Q2.2012 (31/07/2012)
> VSSC: Explanation for business result in Q2.2012 (31/07/2012)