TTF: Explanation for QII.2012 business result (the parent company)
Truong Thanh Furniture Corporation explained the fluctuation in business result of the parent company between Quarter II/2012 and Quarter II/2011:
By: 1,000,000 VND
Quarter II/2012 Quarter II/2011 Difference Net revenue 445,317 603,921 -26% Ratio of Gross profit to Net revenue 16.62% 14.28% 16% Profit after tax 3,638 1,755 107% - Compared to Quarter II/2011, the revenue in Quarter II/2012 decreased 26% because most of incomes from works were not been recorded in this quarter but will be recorded in Quarter III and Quarter IV/2012. - The ratio of Gross profit to Net revenue increased 16% because the Corporation has applied cost-cutting measures to decrease the cost of goods sold. - Profit after tax increased 107% because the Corporation had no losses from exchange rate difference, and the Corporation saved about 30% of selling expense. Besides, the Corporation had more income from asset clearance.
Quarter II/2012
Quarter II/2011
Difference
Net revenue
445,317
603,921
-26%
Ratio of Gross profit to Net revenue
16.62%
14.28%
16%
Profit after tax
3,638
1,755
107%
- Compared to Quarter II/2011, the revenue in Quarter II/2012 decreased 26% because most of incomes from works were not been recorded in this quarter but will be recorded in Quarter III and Quarter IV/2012.
- The ratio of Gross profit to Net revenue increased 16% because the Corporation has applied cost-cutting measures to decrease the cost of goods sold.
- Profit after tax increased 107% because the Corporation had no losses from exchange rate difference, and the Corporation saved about 30% of selling expense. Besides, the Corporation had more income from asset clearance.
HOSE
> TTF: Explanation for QII.2012 business result (Consolidated financial statements) (21/09/2012)
> 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)