KDC: Explanation for business result in Q2/2012
Kinh Do Corporation gave reasons affecting to profit and loss in Quarter 2/2012 compared to in Quarter 2/2011 as follows:
- In Quarter 2/2012, revenue increased slowly because of economic difficulties.- Gross profit increased from 34% to 41% because price of materials went down.- Besides, the ratio of selling expenses and general & administrative expenses/ revenue went up from 27% to 31% because electricity expenses, fuel expenses, transport expenses increased and depreciation expenses from Kido factory expansion late last year.- Specifically, the company has unwound investments in Nutifood and Tribeco. The company has a loss of VND71.317 billion after the stake transfer in Nutifood and the company has a profit of VND1.7 billion after the capital withdrawal in Tribeco.
- In Quarter 2/2012, revenue increased slowly because of economic difficulties.
- Gross profit increased from 34% to 41% because price of materials went down.
- Besides, the ratio of selling expenses and general & administrative expenses/ revenue went up from 27% to 31% because electricity expenses, fuel expenses, transport expenses increased and depreciation expenses from Kido factory expansion late last year.
- Specifically, the company has unwound investments in Nutifood and Tribeco. The company has a loss of VND71.317 billion after the stake transfer in Nutifood and the company has a profit of VND1.7 billion after the capital withdrawal in Tribeco.
HOSE
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