HAGL Joint Stock Company (HAGL) has explained fluctuation of business results in Quarter 3/2012 compared to Quarter 3/2011 as follows:
-
Profit
before tax in Quarter 3/2012: 461,796,917 thousand dongs
-
Profit
before tax in Quarter 3/2011: 254,893,870 thousand dongs
-
Reasons:
1. Real estate
business, goods
and services
-
Net
revenue in Quarter 3/2012 increased 1,014 billion dongs compared to the same period
of last year ( in Quarter 3/2011: 1,383 billion dongs, in Quarter 3/2012: 2,397
billion dongs).
-
Revenue
from real estate business in Quarter 3/2012 was 2,135 billion dongs, increasing
1,333 billion dongs compared to in Quarter 3/2011 because in Quarter 3/2012,
the company had revenue from selling An Tien Department.
-
But
cost of goods sold in Quarter 3/2012 1,251 billion dongs compared to the same
period of last year (in Quarter 3/2011: 751 billion dongs; in Quarter 3/2012:
2,002 billion dongs because price of department decreased, while expenses did
not go down.
2.
Financial:
-
Financial
incomes in Quarter 3/2012 decreased 104 billion dongs compared to Quarter 3/2011
(in Quarter 3/2011: 182 billion dongs, in Quarter 3/2012: 78 billion dongs)
mainly because in Quarter 3/2011, income from bank deposits was 157 billion
dongs, while in Quater 3/2012, income from bank deposits was 50 billion dongs .
-
Financial
expenses in Quarter 3/2012 decreased 127 billion dongs mainly because expenses
interest fell 100 billion dongs (in Quarter 3/2011: 227 billion dongs, in
Quarter 3/2012: 100 billion dongs).
