Dongthap Trading Corporation (Docimexco) has explained the fluctuation in profit between Quarter 2/2012 and Quarter 2/2011 according to Docimexco’s financial statements (parent company):
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Loss
after tax in Quarter 2/2011: -VND6,375,072,307
-
Profit
after tax in Quarter 2/2012: VND1,984,342,523
Reason:
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Revenue
in Quarter 2/2012 was 43% of Quarter 2/2011, but profit in Quarter 2/2012 was
higher than in Quarter 2/2011 because:
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In
Quarter 2/2011, input expense was higher than price of selling, but in Quarter
2/2012, input expenses decreased.
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Exchange rate of USD/VND in quarter 2/2012 was not much fluctuation.
-
Interest
expense in Quarter 2/2012 was less than in Quarter 2/2011.
-
General &
administration expenses decreased strongly.