VPK: Explanation for business result in Q2/2012
Vegetable Oil Packing Joint Stock Company has explained the difference in business profit between Quarter 2/2012 and Quarter 2/2011 according to the financial statements by Chuong Duong Beverages Joint Stock Company:
The company’s profit in Quarter 2/2012 increased 111.8% compared to the same period of 2011. Accumulated profit of the first 6 months of 2012 went up 59.6% compared to the same period of 2011, mainly because:
Sells in quarter 2/2012 increased 29.5% and accumulated sells of the first 6 months of 2012 went up 15.6% compared to the same period of 2011. Price in quarter 1 and 2/2012 increased.
Financial expenses in quarter 2/2012 decreased 50.4% and accumulated financial expenses of the first 6 months of 2012 went down 54% compared to the same period of 2011.
HOSE
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