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ASM: Explanation for business result in Q3/2012
Sao Mai Construction Corporation explained the fluctuation in profit after tax between Quarter 3/2012 and Quarter 3/2011:
By: VND
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Quarter
3/2012
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Quarter
3/2011
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Difference
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Value
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%
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Revenue
from selling and service supply
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346,271,279,171
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266,178,388,713
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80,092,890,458
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30.90
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Deductions
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22,671,564,009
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4,305,778,252
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18,365,785,757
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426.54
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Net
revenue from selling and service supply
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323,599,715,162
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261,872,610,461
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61,727,104,701
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23.57
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Cost
of goods sold
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285,930,772,946
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209,726,546,194
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76,204,226,752
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36.34
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Gross
profit from selling and service supply
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37,668,942,216
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52,146,064,267
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(14,477,122,051)
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(27.76)
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Financial
income
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9,718,421,248
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1,502,953,090
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8,215,468,158
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546.62
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In
which: interest expenses
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16,369,960,069
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13,535,580,668
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2,834,379,401
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20.94
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Selling
expenses
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15,909,491,416
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12,326,715,274
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3,582,776,142
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29.07
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General
and administration expenses
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12,660,964,759
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9,701,567,702
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2,959,397,057
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30.50
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Net
profit
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3,211,907,217
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6,313,148,284
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(3,101,241,067)
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(49.12)
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Other
income
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15,144,531,419
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24,098,720,703
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(8,954,189,284)
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(37.16)
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Other
expenses
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15,310,000
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293,982,451
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(278,672,451)
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(94.79)
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Other
profit
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3,300,929,330
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186,723,822
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3,114,205,508
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1,667.81
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Profit
before tax
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(3,285,619,330)
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107,258,629
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(3,392,877,959)
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(3,163.27)
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Business
income tax – current
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11,858,912,089
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24,205,979,332
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(12,347,067,243)
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(51.01)
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Business
income tax – deferent
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601,426,615
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6,051,494,833
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(5,450,068,218)
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(90.06)
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Profit
after tax
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11,257,485,474
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18,154,484,499
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(6,896,999,025)
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(37.99)
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Earnings
per share
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-
Profit after tax in Quarter 3/2012 decreased 37.99% (VND6.90
billion) because:
+
Net revenue increased 23.57% (VND61.73 billion) because profit margin from seafood business was low. For real estate with high profit margin, net income
decreased 44.19% (VND26.30 billion), leading to gross profit fell 27.76%
(VND14.48 billion).
+
Financial income increased 546.62% (VND8.22 billion) mainly coming from
dividends from associated companies.
HOSE
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