TanCang Logistics and Stevedoring Joint Stock Company (TANCANG LOGISTICS JSC) has announced explanation for business result in quarter 2/2012 as follows:
-
Profit
after tax in quarter 2/2012 :
21,577,348,065 dongs
-
Profit
after tax in quarter 2/2011 :
31,085,515,851 dongs
-
Decreased : 9,508,167,786 dongs
Reasons:
-
In
2012, input expenses increased leading to cost of goods sold in Quarter 2/2012
rose VND224,809,676,697 or (26.36%) compared to VND117,915,427,923 of Quarter
2/2011. While revenue from service supply in Quarter 2/2012 was
VND226,091,938,284 increased 13.32% compared to in Quarter 2/2011 was
VND234,806,593,699.
-
In November, 2011, the company used 02 self-propelled cranes on rails so
interest expenses and depreciation expenses rose.
-
Depreciation
expenses in Quarter 2/2012 was VND19,971,587,627, increasing to 92.14% compared to Quarter
2/2011 (Depreciation expenses in Quarter 2/2011 was VND10,394,523,201).
-
Interest
expenses in Quarter 2/2012 was VND5,191,448,785, increasing to 375% compared to Quarter 2/2011
(Depreciation expenses in Quarter 2/2011 was VND1,093,988,549).
-
Total cost in
Quarter 2/2012 was VND240,440,702,514, increasing to 25.28% compared to
VND191,929,748,115 in Quarter 2/2011.Total revenue and net income in Quarter
2/2012 was VND262,306,709,750, increasing 14.09% compared to VND236,039,173,206
in Quarter 2/2011 leading to profit went down. Total consolidated profit after
tax in Quarter 2/2012 went down 30.59% equivalent to VND9,508,167,786
