Dong Nai Port Joint – Stock Company explained the fluctuation in business result in the first six months of 2012 compared to the same period of 2011:
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Revenue: Revenue in the first six months of 2012
increased VND8,297,969,122 (+13.17%), in which: operating income increased
VND12,124,210,596; financial income decreased VND3,744,675,000, and other
income decreased VND81,566,474 from the same period of 2011.
-
Operating income increased because:
+
In the first six months of 2012, income from containers at
Long Binh Tan area was VND11,414,302,744 and rose VND11,296,919,221 against the
first six months of 2011.
+
In the first six months of 2012, income from commodities was
VND58,663,639,460 and rose VND827,291,375 against the first six months of 2011
thanks to the increase in leasing warehouses and yards.
-
Financial income and other income decreased because:
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In the first six months of 2011, the Company’s financial
income was VND3,975,574,082, including: financial investment worth
VND1,594,710,000 (receiving dividends from associated companies in late 2010),
deposit interest and exchange rate difference worth VND2,380,864,082. While the
company in the first six months of 2012 gained VND164,835,000 from financial
investment (receiving dividends of the last quarter of 2011 from an associated
companies) and VND66,064,082 from deposit interest.
+
In the first six months of 2011, the Company’s other income
was VND1,078,403,855 (receiving compensation for dock collision and assets);
while in the first six months of 2012 the other income was VND996,837,381
(gaining funds from sale of bidding documents and liquidation of assets).
+
Expenses: The Company’s expenses in the first six
months of 2012 increased VND7,236,008,641 mainly because operating expense rose
VND7,037,513,674 and other expense rose VND459,611,842, while financial expense
decreased VND261,116,875.
+
Operating expense increased mainly because of an increase of
VND9,618,065,193 in cost of goods sold and an increase of VND1,323,485,678 in
selling expense. While, PDN’s administrative expense decreased
VND3,904,037,197.
+
Financial expense went down thanks to the decrease in
borrowing rate for the first six months of 2012.
+
Total revenue increased VND8,297,969,122 and total expenses
increased VND7,236,008,641. This made profit after tax in the first six months
of 2012 increase VND1,951,977,030 (or +11.83%) compared to profit in the same
period of 2011.
