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DIC: Explanation for business result in Quarter 2/2012
DIC Investment and Trading Joint Stock Company (DIC–INTRACO) explained the fluctuation in revenue and profit of Quarter 2/2012 compared to Quarter 2/2011 as follows:
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By: VND
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Quarter 2/2012
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Quarter 2/2011
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Difference
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Ratio
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Net
revenue
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297,687,434,829
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257,031,117,301
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40,656,317,528
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115.82%
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Profit
after tax
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1,042,400,572
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3,943,341,213
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(2,900,940,641)
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26.43%
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Cumulative
net revenue
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662,715,299,076
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464,423,256,303
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198,292,042,773
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142.70%
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Cumulative
profit
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2,748,201,492
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10,932,280,691
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(8,184,079,199)
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25.14%
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Net revenue in Quarter 2/2012 increased 15.8% compared to
Quarter 2/2011 because the Company’s clinker export in the first six month rose
and was equal to 314% of the same period of last year.
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Profit in Quarter 2/2012 was equal to 26.4% of profit in
Quarter 2/2011 because interest expense went up 18%, selling expense up 53%,
and administrative up 10% compared to Quarter 2/2011.
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DIC’s main business is construction materials. Therefore,
that the real estate market has frozen affected DIC’s revenue in this period.
HOSE
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