Thursday, 13/09/2012 15:05

CDC: Explanation for business results for 6 months of 2012 before & after review

Chuong Duong Corporation has explained for business results for the first six months of 2012 before & after review as follows:

-         Profit before tax in first six months of 2012 after review was VND4,827,954,735

-         Profit before tax in first six months of 2012 before review was VND5,763,999,659

-         Decreased: VND936,044,924

Reason:

-         Revenue and cost of goods sold did not changed strongly; revenue fell VND7,733,178 (0.01%), cost of goods sold went up VND9,596,062 (0.01%).

-         Financial income before review was VND1,397,758,899

-         Financial income after review was VND427,402,253

-         Decreased: VND970,356,646

+        Financial expenses before review was VND5,370,333,925

+        Financial expenses after review was VND4,403,409,501

-         Decreased: VND966,924,424

-         as the auditor classified provision for short-term securities investments.

-         Other profit before review was VND605,705,986

-         Other profit after review was –VND435,828,604 due to the tax finalization of the tax agency during the auditing period.

HOSE

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