Dongthap Trading Corporation (Docimexco) has explained the fluctuation in profit between Quarter 3.2012 and Quarter 3.2011 according to Docimexco’s financial statements (consolidated):
-
Loss
after tax in Quarter 3/2011: -VND6,140,730,565
-
Loss
after tax in Quarter 3/2012: -VND22,373,747,230
-
Reason:
1. The parent company:
+
Food
industry: loss before tax in Quarter 3.2011 was -16.8 billion dongs and profit
before tax in Quarter 3.2012 was 8.2 billion dongs.
+
Export
rice product in Quarter 3.2012 was 44,905 tons, increasing 50.75% compared to
Quarter 3.2011 (export rice product in Quarter 3.2011 was 29,787 tons).
+
Gross
profit on revenue in Quarter 3.2012 was 8.8%. Gross profit on revenue in
Quarter 3.2011 was 3.91%.
2. Subsidiaries:
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Fertilizer
sector: profit before tax in Quarter 3.2011 was 0.139 billion dongs. Loss
before tax in Quarter 3.2012 was -4.9 billion dongs.
+
Marine products industry: Profit before tax in Quarter 3.2011 was
5,457 billion dongs. Loss before tax in Quarter 3.2012 was 23.6 billion dongs.
+
Financial income decreased by 7.1 billion dongs because stable
exchange rates.