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TET: Explanation for change in operating result in Quarter 3/2012
According to the consolidated financial statement Quarter 3/2012, the profit after tax changes more than 10% year on year. On 20/11/2012, Northern Textiles and Garments JSC explained the change in operating result as follows:
|
Items
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Quarter
III/2012
|
Quarter
III/2011
|
Difference
|
Percentage
|
|
Total
revenue
|
12,055,447,687
|
14,736,557,018
|
(2,681,109,331)
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-22.24%
|
|
Profit
before tax
|
2,954,825,690
|
4,264,865,134
|
(1,310,039,444)
|
-44.34%
|
|
Profit
after tax
|
2,190,422,858
|
3,216,131,351
|
(1,025,708,493)
|
-46.83%
|
- Because
of the financial crisis and changes in Government policies, increase in
material cost, and other expenses such as social insurance, health insurance,
unemployment insurance, the profit decreased.
- The
rental of the holding company increased, as in Quarter III/2011 was VND
850,603,242, Quarter III/2012 was VND 2,005,944,323, increased by VND
1,155,341,081, led to a decrease in profit after tax of VND 901,116,774.
- The
profit after tax of the subsidiary company in Quarter III/2012 decreased year
on year by VND 124, 591,719 ( Quarter III/2011 gained VND 30,698,308, Quarter
III/2012 lost VND 93,894,411) led to the profit after tax in the consolidated
financial statement decreased by VND 1,025,708,493.
HNX
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