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ACL: Explanation for business result in Q2.2012 Cuu Long Fish Joint Stock Company explained the fluctuation in profit after tax in Quarter 2.2012 compared to Quarter 2.2011 as follows:
By: VND
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Item
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Quarter 2.2012
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Quarter 2.2011
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Difference
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Value
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Ratio
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Net
revenue
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301,764,186,702
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373,359,121,980
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(71,594,935,278)
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-19.18%
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Revenue
from financial activity
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1,381,288,181
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13,621,700,487
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(12,240,412,306)
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-89.86%
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Profit
after tax
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14,215,881,749
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51,162,475,373
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(36,946,593,624)
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-72.21%
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-
Compared
to Quarter 2.2011, Profit after tax in Quarter 2.2012 decreased sharply because
the following reason: +
Selling
prices in Quarter 2.2012 did not increase compared to Quarter 2.2011,
purchasing power decreased. This made revenue in Quarter 2.2012 decreased
19.18% compared to Quarter 2.2011 while other expenses increased. +
Exchange
rate of VND/USD in Quarter 2.2012 was stable beside Quarter 2.2011. Revenue
from financial activity decreased by 12 billion dongs (or 89.96%). +
The
2012 was difficult of Tra fish industry, although profit decreased beside the
same period of last year, however profit after tax increased considerable
beside Quarter 1.2012.
HOSE
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