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DDM: Explanation for business result in quarter 3.2012 Dong Do Marine Joint Stock Company (Dong Do Marine) has explained reasons of profit after tax in quarter 3/2012 was -26,643,331,208 dongs, decreasing 28,003,955,406 dongs compared to Quarter 3/2011, mainly because:
-
The
difficult of sea transportation. Revenue sales and services in quarter 3/2012
was 72,489,803,208 dongs, decreasing 20.4% (14,844,277,641 dongs) compared to
quarter 3/2011. However, Fuel and oil expense increase highly leading cost of goods
sold in quarter 3/2012 rose. During the period, Dong Thanh Ship related to the
claim of the time charterer in the previous. The company had to pay court
expense with amount about 6 billion dongs. Besides, Dong Thanh Ship had to stop
mining within 01 month. So, the ship had no revenue in this period. -
In
Quarter 3.2012, the company allocated losses from exchange rate difference for
long-term loan in foreign currencies with amount about 4.5 billion dongs. -
However,
Cost of goods sold in Quarter 3.2012 increased 32.5% or 18,119,634,659 dongs
from the same period of last year. Gross profit decreased 32,963,912,300 dongs
from Quarter 3.2011.
HOSE
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