Cuu Long Pharmaceutical Joint Stock Corporation (PHARIMEXCO) explained the fluctuation in consolidated profit in Quarter II/2012 compared to Quarter II/2011 as follows:
- Consolidated profit after tax in Quarter II/2012: -VND11,745,881,746
- Consolidated profit after tax in Quarter II/2011: -VND32,131,575,942
The consolidated profit after tax in Quarter II/2012 increased by VND33,533,449,280 (equivalent to 10%) compared to the consolidated profit after tax in Quarter II/2011 because
Financial expenses in Quarter 2/2012 was VND17.194 billion, decreasing VND3.3 billion compared to in Quarter 2/2011, mainly because interest expenses went down.
Selling expenses in Quarter 2/2012 decreased VND15.839 billion because the company changes of sales policy.
Therefore, profit after tax in Quarter 2/2012 was higher than in Quarter 2/2011.