DXV: Explanation for Q2/2012 business result
Da Nang Contruction Building Materials Vicem Joint Stock Company (COXIVA) explained the fluctuation in profit before tax in Quarter 2/2012 compared to Quarter 2/2011:
Unit Quarter 2/2012 Quarter 2/2011 Comparison (%) Selling production - Cement Ton 109,290 103,620 105% - Brick Brick 12,156,720 10,977,622 111% - Packaging Pack 7,730,942 7,482,285 103% Revenue Million dongs 191,875 180,472 106% Cost of goods sold Million dongs 189,852 172,478 110% Profit before tax Million dongs 2,184 3,960 55% - DXV’s profit in Quarter 2/2012 was equal to 55 percent of profit in Quarter 2/2011 because of the following reasons: + The selling production of all products in Quarter 2/2011 increased, so revenue increased 6 percent compared to Quarter 2/2012. + In Quarter 2/2012, DXV’s financial profit was not recorded while financial profit in Quarter 2/2011 was VND1.9 billion.
Unit
Quarter 2/2012
Quarter 2/2011
Comparison (%)
Selling production
- Cement
Ton
109,290
103,620
105%
- Brick
Brick
12,156,720
10,977,622
111%
- Packaging
Pack
7,730,942
7,482,285
103%
Revenue
Million dongs
191,875
180,472
106%
Cost of goods sold
189,852
172,478
110%
Profit before tax
2,184
3,960
55%
- DXV’s profit in Quarter 2/2012 was equal to 55 percent of profit in Quarter 2/2011 because of the following reasons:
+ The selling production of all products in Quarter 2/2011 increased, so revenue increased 6 percent compared to Quarter 2/2012.
+ In Quarter 2/2012, DXV’s financial profit was not recorded while financial profit in Quarter 2/2011 was VND1.9 billion.
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