Hoi An Tourist Holding Company explained the fluctuation in business result between Quarter 3/2012 and Quarter 3/2011:
-
Revenue:
+
Quarter
3/2012: VND38,705,578,291
+
Quarter
3/2011: VND32,609,308,939
+
Increased:
VND6,096,269,352 (18.69%)
+
Reason:
selling policy online increased, revenue from laundry
went up.
-
Deductions:
+
Quarter
3/2012: VND67,845,266
+
Quarter
3/2011: VND123,961,530
+
Decreased:
VND56,116,264 (45.27%)
+
Reason:
special consumption tax from spa decreased.
-
Financial
income:
+
Quarter
3/2012: VND599,382,181
+
Quarter
3/2011: VND700,771,292
+
Decreased:
VND101,389,111 (14.47%)
+
Reason:
in 2012, loan interest rates in banks decreased strongly from 14%/ year in
Quarter 3/2011 to 9%/year in Quarter 3/2012, leading to deposits interest of
the company decreased.
-
Financial
expenses:
+
Quarter
3/2012: VND2,735,683
+
Quarter
3/2011: VND13,497,885
+
Decreased:
VND10,762,202 (79.73%)
+
Because
of foreign exchange rate fluctuations
-
Selling
expenses:
+
Quarter
3/2012: VND966,910,203
+
Quarter
3/2011: VND1,248,784,223
+
Increased:
VND281,874,020 (22.57%)
+
Reason:
advertising expenses increased.
-
General
and administration expenses:
+
Quarter
3/2012: VND1,687,226,327
+
Quarter
3/2011: VND1,474,631,971
+
Increased:
VND212,594,356 (14.42%)
+
Reason:
wage expenses increased VND62,316,580 (9.6%). Remuneration of the Board of
Directors increased VND31,987,500 (12.4%).
-
Cost
of goods sold:
+
Cost
of goods sold increased 8.4%, while revenue increased 18.7%, leading to profit
before tax increased 58.9%.
-
Reasons:
+
Land
rent at Hoi AN Hotel in 2012 has adjusted by VND836,429,344 (Decision No.13 of Government)
+
Land
rent at Hoi AN Hotel in 2012 has adjusted by VND1,192,138,000 (Decision of People's
Committees in Quang
Nam Province)
-
Therefore,
profit in Quarter 3/2012 increased VND4,179,292,872 (58.89%) compared to the
same period of last year. Ratio profit before tax/net revenue from 21.8% in
Quarter 2/2011 to 29.18% in Quarter 3/2012
