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%.
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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