TTF: Explanation for QII.2012 business result (Consolidated financial statements)
Truong Thanh Furniture Corporation explained the fluctuation in consolidated revenue and profit in Quarter II/2012 compared to Quarter II/2011:
By: 1,000,000 VND
Quarter II/2012 Quarter II/2011 Difference Net revenue 517,723 642,030 -19% Ratio of Gross profit to net revenue 20.65% 19.66% 5% Profit after tax 7,225 8,266 -13% - Compared to Quarter II/2011, TTF’s consolidated revenue in Quarter II/2012 decreased 19% because most of incomes from works were not been recorded in this quarter but will be recorded in Quarter III and Quarter IV/2012. Besides, some clients asked to delay orders because of inventories in their countries. TTF’s subsidiaries in the forest sector have not gained any revenue from their products. - TTF’s consolidated profit after tax in Quarter II/2012 lost 13%, a decrease lower than the one in net revenue, because the Corporation has applied cost-cutting measures effectively, from the cost of goods sold to three expenses: financial expense, selling expense and administrative expense.
Quarter II/2012
Quarter II/2011
Difference
Net revenue
517,723
642,030
-19%
Ratio of Gross profit to net revenue
20.65%
19.66%
5%
Profit after tax
7,225
8,266
-13%
- Compared to Quarter II/2011, TTF’s consolidated revenue in Quarter II/2012 decreased 19% because most of incomes from works were not been recorded in this quarter but will be recorded in Quarter III and Quarter IV/2012. Besides, some clients asked to delay orders because of inventories in their countries. TTF’s subsidiaries in the forest sector have not gained any revenue from their products.
- TTF’s consolidated profit after tax in Quarter II/2012 lost 13%, a decrease lower than the one in net revenue, because the Corporation has applied cost-cutting measures effectively, from the cost of goods sold to three expenses: financial expense, selling expense and administrative expense.
HOSE
> BVG: Reviewed financial statement 2012 (21/09/2012)
> PXS: Explanation for submitting the reviewed semi-annual financial statements late (21/09/2012)
> BGM: Reminded to submit the reviewed semi-annual financial statements (21/09/2012)
> DAG: Explanation for submitting the reviewed semi-annual financial statements late (21/09/2012)
> KDC: Explanation for submitting the reviewed semi-annual financial statements late (21/09/2012)
> KSS: Reminded to submit the semi-annual consolidated financial statements (21/09/2012)
> PNS: Audit report for the semi-annual financial statements of 2012 (21/09/2012)
> TKU: Reviewed financial statement 2012 (consolidated) (21/09/2012)
> TNA: Business result in Aug 2012 (20/09/2012)
> BCC: Reviewed financial statement 2012 (20/09/2012)
