TanCang Logistics and Stevedoring Joint Stock Company (TANCANG LOGISTICS JSC) has announced explanation for business result in quarter 2/2012 as follows:
-
Profit
after tax in quarter 2/2012 :
13,404,271,316 dongs
-
Profit
after tax in quarter 2/2011 :
19,835,199,059 dongs
-
Decreased : 6,430,927,743 dongs
Reasons:
-
In
2012, input expenses increased, especially expense from logistics activities in quarter 2/2012 was 20,627,514,594 dongs increasing 49.7%
compared to 13,778,975,439 dongs of quarter 2/2011.
-
Depreciation
expenses in quarter 2/2012 was 14,596,509,350 increasing 84% compared to
quarter 2/2011 (Depreciation expenses in quarter 2/2011 was 7,952,169,271
dongs).
-
Interest
expense in quarter 2/2012 was 5,191,448,785 dongs increasing 375% compared to
quarter 2/2011 (1,093,988,549 dongs).
-
Total
expense in Quarter 2/2012 was 124,634,209,806 dongs against 89,939,693,199
dongs in quarter 2/2011 equivalent to increase of 38.58%. Total revenue in
quarter 2/2012 was 141,988,632,561 dongs increasing 19.83% compared to
118,490,893,921 dongs of quarter 2/2011. Total profit in quarter 2/2012
decreased 32.42% or – 6,430,927,743 dongs compared to the same period of 2011.
