OGC: Explanation for consolidated business results for 6 months of 2012 after review
Ocean Group Joint Stock Company has explained for consolidated business results for the first six months of 2012 after review as follows:
No. Before review After review Different Million dongs % A - business results for the first six months of 2012 1 Gross profit 114.738 119.914 5.176 5% 2 Financial income 264.047 321.454 57.407 22% 3 Profit or loss in joint venture 49.740 29.761 -19.979 -40% 4 Profit after tax 84.006 119.126 35.120 42% B – Balance sheet in Quarter 2/2012 1 Short-term investments 700.585 790.358 89.500 13% 2 Advanced payments to suppliers 650.948 1.023.169 372.221 57% 3 Long-term financial investments 2.053.359 1.591.593 -461.766 -22% 4 Trade creditors 59.364 221.087 161.723 272% 5 Payable expenses 408.339 238.938 -169.401 -41% 1. Consolidated profit after tax in 6 months of 2012 after review went up VND35,120 million compared to the same period of last year, mainly because:a. Increased VND56,652 million because financial income of OCH (subsidiary of Ocean Group Joint Stock Company) went up.b. Profit in joint venture went down VND19,979 million due to audit firm distributed goodwill and decreased profit because joint venture distributed bonus and welfare fund2. Audit firm adjusted items in balance sheet: a. Long-term financial investments were transferred trade creditors and Short-term financial investments of VND461,766 million.b. Payable expenses were transferred trade creditors of VND161,723 million.
No.
Before review
After review
Different
Million dongs
%
A - business results for the first six months of 2012
1
Gross profit
114.738
119.914
5.176
5%
2
Financial income
264.047
321.454
57.407
22%
3
Profit or loss in joint venture
49.740
29.761
-19.979
-40%
4
Profit after tax
84.006
119.126
35.120
42%
B – Balance sheet in Quarter 2/2012
Short-term investments
700.585
790.358
89.500
13%
Advanced payments to suppliers
650.948
1.023.169
372.221
57%
Long-term financial investments
2.053.359
1.591.593
-461.766
-22%
Trade creditors
59.364
221.087
161.723
272%
5
Payable expenses
408.339
238.938
-169.401
-41%
1. Consolidated profit after tax in 6 months of 2012 after review went up VND35,120 million compared to the same period of last year, mainly because:
a. Increased VND56,652 million because financial income of OCH (subsidiary of Ocean Group Joint Stock Company) went up.
b. Profit in joint venture went down VND19,979 million due to audit firm distributed goodwill and decreased profit because joint venture distributed bonus and welfare fund
2. Audit firm adjusted items in balance sheet:
a. Long-term financial investments were transferred trade creditors and Short-term financial investments of VND461,766 million.
b. Payable expenses were transferred trade creditors of VND161,723 million.
HOSE
> OGC: Explanation for consolidated business results in the quarter 2/2012 (02/10/2012)
> SZL: Explanation for business result in Quarter 2.2012 (02/10/2012)
> CMT: Explanation for business results for 6 months of 2012 after review (02/10/2012)
> Vinaglobal: The 2012 reviewed semi-annual financial statements (02/10/2012)
> KHB: Reviewed financial statement 2012 (02/10/2012)
> NTP: Reviewed financial statement 2012 _holding company (02/10/2012)
> ASIAGF: NAV from 20 Sep 2012 to 27 Sep 2012 (02/10/2012)
> PMC: Reviewed financial statement 2012 (02/10/2012)
> AMC: Reviewed financial statement 2012 (02/10/2012)
> PPP: Reviewed financial statement 2012 (02/10/2012)
