VIET NHAT SEAFOOD CORPORATION explained the fluctuation in consolidated business result between Quarter 2/2012 and Quarter 2/2011:
-
Gross
profit in Quarter 2/2012 was VND4,171,857,587, increasing VND4,437,607,546
compared to in Quarter 2/2011 (VND265,749,959) Reason:
+
Revenue
in Quarter 2/2012 was VND15,240,115,584, increasing VND14,544,917,500 compared
to in Quarter 2/2011 (VND695,198,084).
+
Financial
income in Quarter 2/2012 was VND1,484,296, increasing VND1,137,010 compared to
in Quarter 2/2011 (VND347,286) because of interest
from bank deposits.
+
Financial
expenses in Quarter 2/2012 was VND1,142,488,298, increasing VND1,142,488,298
compared to in Quarter 2/2011 (0) because of interest expenses.
+
Selling expenses in Quarter 2/2012 was VND458,626,250, increasing
VND458,626,250 compared to in Quarter 2/2011 (0), because of cargo freight to Africa and Latin America.
+
General and
administration expenses in Quarter 2/2012 was VND552,455,070, decreasing VND66,660,665 compared
to in Quarter 2/2011 (VND619,115,735), because office management expenses went down.
+
Other expenses in Quarter 2/2012 was VND3,631,845,
increasing VND3,442,168 compared to in Quarter 2/2011 (VND189,677).
+
Profit
before tax in Quarter 2/2012 was VND2,016,140,420, increasing VND2,900,848,505
compared to in Quarter 2/2011 (VND884,708,085).
+
Profit
after tax in Quarter 2/2012 was VND2,016,140,420 , increasing VND2,900,848,505
compared to in Quarter 2/2011 (VND884,708,085) because loss of last year and
loss in Quarter 1/2012 were transferred
VND6,879,014,916, so in Quarter 2/2012, the company did not pay tax.
Therefore, profit before tax in Quarter 2/2012 = profit after tax in Quarter
2/2012.
+
Profit
after tax in Quarter 2/2012 rose VND2,149,126,789 compared to the same period
of last year.
