Wednesday, 22/08/2012 17:04

LSS: Explanation for consolidated business result in Q2.2012

Lamson Sugar Joint Stock Corporation explained the decrease in consolidated profit after tax in Quarter 2/2012 compared to Quarter 2/2011:

-         Consolidated profit after tax in Quarter 2/2012 was VND24,484,724,283, decreasing VND67,331,114,657or 73.33% from Quarter 2/2011 because of the following reasons:

+         Revenue from selling and service supply in Quarter 2/2012 increased VND129,591,910,008 (23.34%) compared to in Quarter 2/2011 because  sugar sales volume and alcohol sales volume of LSS in Quarter 2/2012 were higher than in Quarter 2/2011.

-         Cost of goods sold in Quarter 2/2012 increased VND226,836,921,745 (57.99%) compared to in Quarter 2/2011 because:

+         Input expenses rose

+         Sugar sales volume and alcohol sales volume of LSS in Quarter 2/2012 were higher than in Quarter 2/2011.

HOSE

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