Ca Mau Frozen Seafood Processing Import Export Corporation has explained the business results in Quarter 3/2012 and Quarter 3/2011 as follows:
-
Profit before tax in Quarter 3/2012: 1,598,167,506
dongs
-
Profit before tax in Quarter 3/2011: 4,764,008,562
dongs
-
Decreased: 3,165,841,056 dongs
-
Reasons:
+
Net revenue from sales in Quarter 3/2012
decreased by 27.490 billion dongs (9.69%). Cost of goods sold decreased by 9.312
billion dongs (3.89%), making to gross profit decreased by 18.178 billion dongs
because goods of selling decreased 215 tons (16.26%) and the difference in the
production structure.
+
Financial incomes in Quarter 3/2012 decreased by 3.213
billion dongs (91.33%) compared to Quarter 3/2011. Financial expenses in
Quarter 3/ 2012 decreased by 7.654 billion (42.5%), making to profit in Quarter
3/2012 increased by 4.441 billion dongs because:
·
In Quarter 3/2012, foreign exchange rate
stabilized to profit increased by 0.647 billion dongs.
·
Interest expenses in Quarter 3/2012 decreased 27.66%
equally 3,936,761,479 dongs, making to profit increased 3.937 billion dongs.
·
Selling expenses and general & administrative
expenses in Quarter 3/2012 decreased by 10,329,831,686 dongs (50.11%) and 676,320,639
dongs (14.69%), leading to profit increased 11.006 billion dongs.
·
Other incomes in Quarter 3/2012 decreased 431,279,287
dongs (0.431%)., leading to other profit decreased 0.431 billion dongs.
