Friday, 19/10/2012 15:33

ABT: Explanation for business result in Quarter 3/2012

According to the financial statements of Quarter 3/2012, profit before tax in Quarter 3/2012 increased by 21.34% compared to Quarter 3/2011. Therefore, BenTre Aquaproduct Import and Export Joint Stock Company would like to explain reasons of the increase:

-         In Quarter 3/2012, cost of goods sold decreased by 21.85% from the same period last year. Cost of goods sold in Quarter 3/2012 equal to 74.28% of net revenue from selling and service supply. While cost of goods sold in Quarter 3/2011 equal to 78.18% of net revenue from selling and service supply.

-         Reason:

+         In Quarter 3/2012, catfishes raw were grown by the company, while in Quarter 3/2011, catfishes raw were grown by the company which equal to 44.57%.

+         Besides, financial expenses in Quarter 3/2012 decreased 28.25% compared to in Quarter 3/2011 because interest expense decreased 58.31% and provisions went down.

HOSE

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