CTI: Explanation for business result in Q3/2012
Cuongthuan Investment Corporation has explained the fluctuation in business result of Quarter 3/2012 compared to Quarter 3/2011:
- Profit after tax in Quarter 3/2012: VND1,659,107,119- Profit after tax in Quarter 3/2011: VND915,834,510- Increased: 81.16%- Compared to Quarter 2/2011, CTI’s profit after tax in Quarter 3/2012 increased 81.16% because: + Revenue went up 13.11% thanks to revenue from production and trading of concrete sewer pipe + Selling expense fell 41% and interest expense decreased 16.4%.
- Profit after tax in Quarter 3/2012: VND1,659,107,119
- Profit after tax in Quarter 3/2011: VND915,834,510
- Increased: 81.16%
- Compared to Quarter 2/2011, CTI’s profit after tax in Quarter 3/2012 increased 81.16% because:
+ Revenue went up 13.11% thanks to revenue from production and trading of concrete sewer pipe
+ Selling expense fell 41% and interest expense decreased 16.4%.
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