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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:
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Quarter 2/2012
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Quarter 2/2011
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Different
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Rate %
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Net revenue
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68,315,212,118
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78,446,513,588
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(10,131,301,470)
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(12.91)
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Financial revenue
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33,977,791
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691,120,460
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(657,142,669)
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(95.08)
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Other income
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375,363,036
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38,999,400
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336,363,636
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862.48
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Cost of goods sold
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64,093,003,602
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74,844,388,040
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(10,751,384,438)
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(14.36)
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Profit before tax
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653,119,761
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1,139,417,279
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(486,297,518)
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(42.67)
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Profit after tax
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653,119,761
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961,001,318
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(307,81,557)
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(32.03)
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-
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
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