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SVC: Explanation for business result in Quarter 3.2012 Saigon General Service Corporation explained the fluctuation in business result (consolidated and parent company) in Quarter 3/2012 compared to Quarter 3/2011:
- Saigon General Service Corporation explained the fluctuation in consolidated business result in Quarter 3/2012 compared to Quarter 3/2011
|
Items |
Quarter 3/2012 |
Quarter 3/2011 |
Difference |
|
+/- |
% |
|
Revenue from selling and service supply |
1,305,197,647,366 |
1,841,121,451,703 |
(535,923,804,337) |
(29.11) |
|
Profit after tax |
11,208,463,034 |
35,330,629,806 |
(24,122,166,772) |
(68.28) |
|
Income of minorities |
(3,321,056,037) |
12,344,255,248 |
(15,665,311,285) |
(126.90) |
|
Income after tax of the parent company |
14,529,519,071 |
22,986,374,558 |
(8,456,855,487) |
(36.79) |
- Because of difficulties in the auto and automobile market in 2012, leading to its lower sales in the quarter. Besides, incomes from its subsidiaries also decreased, leading to its lower net profit in the period.
- Revenue from selling of Hyundai cars decreased VND88 billion
- Revenue from selling of Ford cars decreased VND154.8 billion
- Revenue from selling of Toyota cars decreased VND257.7 billion
- Revenue from selling of Chevrolet cars decreased VND11.4 billion
- Revenue from selling of Yamaha, Suzuki, Honda automobiles decreased VND24 billion
- Besides, revenue from subsidiaries decreased strongly, leading to consolidated profit after tax in Quarter 3/2011went down VND24.1 billion (68.28%) compared to in Quarter 3/2011.
- Income of minorities decreased VND15.6 billion (126.9%)
- Income after tax of the parent company decreased VND8.4 billion (36.79%)
- Saigon General Service Corporation explained the fluctuation in business result of parent company in Quarter 3/2012 compared to Quarter 3/2011
|
Items |
Quarter 3/2012 |
Quarter 3/2011 |
Difference |
|
+/- |
% |
|
Revenue from selling and service supply |
20,457,486,684 |
34,900,310,818 |
(14,442,824,134) |
(41.38) |
|
Cost of goods sold |
7,534,879,554 |
22,588,900,337 |
(15,054,020,783) |
(66.64) |
|
Other income |
18,573,555,876 |
30,357,311,801 |
(11,783,755,925) |
(38.82) |
|
Profit after tax |
21,304,671,944 |
14,983,177,758 |
6,321,494,186 |
42.19 |
- Revenue from selling and service supply in Quarter 3/2012 decreased because Can Tho Branch and An Giang Branch had separate financial statements.
- Other profit in Quarter 3/2012 went down because in Quarter 3/2011 capital transfer business was recorded in other income.
- Profit after tax increased because:
+ In Quarter 3/2012, revenue and other income decreased VND24 billion compared to in Quarter 3/2011.
+ Cost of goods sold and expenses in Quarter 3/2012 fell VND31 billion compared to in Quarter 3/2011.
+ Therefore, profit in Quarter 3/2012 increased over VND6 billion compared to in Quarter 3/2011. HOSE
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