UDC: Explanation for fluctuation in Q2/2012 profit Urban Development and Construction Corporation explained the fluctuation in the income report in Quarter 2/2012 compared to the same period of 2011:
|
Quarter 2/2012
|
Quarter 2/2011
|
Different
|
Rate %
|
Net revenue
|
68,315,212,118
|
78,446,513,588
|
(10,131,301,470)
|
(12.91)
|
Financial revenue
|
33,977,791
|
691,120,460
|
(657,142,669)
|
(95.08)
|
Other income
|
375,363,036
|
38,999,400
|
336,363,636
|
862.48
|
Cost of goods sold
|
64,093,003,602
|
74,844,388,040
|
(10,751,384,438)
|
(14.36)
|
Profit before tax
|
653,119,761
|
1,139,417,279
|
(486,297,518)
|
(42.67)
|
Profit after tax
|
653,119,761
|
961,001,318
|
(307,81,557)
|
(32.03)
|
-
Profit after tax in quarter 2/2012 of parent company was
VND653,119,761 decreasing VND307,81,557 or (-32.03%) mainly because:
+
Net revenue in quarter 2/2012 went down VND10,131,301,470 or
(-12.91%) compared to quarter 2/2011 because revenue from construction decreased.
+
Financial revenue in quarter 2/2012 went down
VND657,142,669or (-95.08%) compared to quarter 2/2011 because the company did
not receive dividend paid by subsidiaries.
+
Other income increased VND336,363,636 or (862.48%) compared
to quarter 2/2011 due to asset liquidation.
+
Profit in quarter 2/2012 deceased because input expenses
increased.
HOSE
|