Ca Mau Frozen Seafood Processing Import Export Corporation has explained the business results in Quarter 2/2012 and Quarter 2/2011 as follows:
-
Profit before tax in Quarter 2/2012: 2,251,902,572
dongs
-
Profit before tax in Quarter 2/2011: 25,128,833,325)
dongs
-
Decreased: 22,876,930,753 dongs
Reasons:
-
Net revenue from sales in Quarter 2/2012
decreased by 14.754 billion dongs (4.29%). Cost of goods sold decreased by 16.541
billion dongs (5.36%) to making profit gross profit increased by 1.786 billion
dongs because goods of selling decreased 281 tons (-18.76%) and the difference
in the production structure.
-
Financial incomes in Quarter 2/2012 decreased by 6.103
billion dongs (80.30%) compared to Quarter 2/2011. Financial expenses in
Quarter 2/ 2012 decreased by 2.899 billion (13.98%) making profit in Quarter
2/2012 decreased by 3.204 billion dongs because:
+
Average bank deposits in Quarter 2/2012 increased
16.66% equally 2.4 billion dongs making profit decreased 2.4 billion dongs.
+
In Quarter 2/2012, foreign exchange rate
stabilized to profit decreased by 0.719 billion dongs.
+
Selling expenses and general & administrative
expenses in Quarter 2/2012 decreased by 7.524 billion dongs (36.73%) and 4.426
billion dongs (47.44%) leading to profit increased 11.95 billion dongs.
+
Other incomes in Quarter 2/2012 decreased 32.490
billion dongs. Other expenses in Quarter 2/2012 increased 0.918 billion dongs
leading to profit decreased 32.099 billion dongs.
+
Expense from liquidation of fixed assets in
quarter 2/2012 was 0.916 billion dongs making to profit
decreased 0.916 billion dongs.
