SMC: Explanation for business result in Q2.2012

SMC Investment Trading Joint Stock Company has explained the business results in Quarter 2.2012 compared to Quarter 2.2011 as follows:

                                                                                                By: billion dongs

Item	Year 2012	Year 2011	Difference	Rising
Net revenue	2,595.42	2,375.05	220.37	109.27
Cost of goods sold	2,528.21	2,293.97	233.24
Gross profit	68.21	81.07	(12.86)	84.13
Financial expense	23.33	40.14	(16.81)
Profit after tax	20.12	18.11	2.01	111.09

-         Net revenue increased 9.27%. However, gross profit decreased by only 84.13% compared to the same period of last year. But the company saved financial expense, so profit after tax in Quarter 2.2012 went up 11.09%.

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