VIET NHAT SEAFOOD CORPORATION explained the fluctuation in consolidated business result between Quarter 3/2012 and Quarter 3/2011:
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Gross
profit in Quarter 3/2012 was VND3,197,521,874, decreasing VND2,382,739,308
compared to in Quarter 3/2011 (VND5,580,261,182) Reason:
+
Input
expenses in Quarter 3/2012 increased 22% compared to in Quarter 3/2011, but
price of product increased 5%. Besides, salary fund increased 25%.
+
Financial
income in Quarter 3/2012 was VND766,601, decreasing VND1,350,697 compared to in
Quarter 3/2011 (VND2,117,298) because of interest
from bank deposits.
+
Financial
expenses in Quarter 3/2012 was VND577,036,302, decreasing VND687,312,411
compared to in Quarter 3/2011 (2,029,183,208) because of interest expenses in
Quarter 3/2012 decreased 5.6% compared to in Quarter 3/2011.
+
Selling expenses in Quarter 3/2012 was VND577,036,302, decreasing
VND91,639,665 compared to in Quarter 3/2011 (668,675,967).
+
General and
administration expenses in Quarter 3/2012 was VND924,842,268, decreasing VND246,963,731 compared
to in Quarter 3/2011 (VND1,171,805,999), because office management expenses went down.
+
Other expenses in Quarter 3/2012 was VND52,411,812,
decreasing VND110,781,687 compared to in Quarter 3/2011 (VND163,193,499).
+
Profit
before tax in Quarter 3/2012 was VND302,127,296, decreasing VND1,247,392,511
compared to in Quarter 3/2011 (VND1,549,519,807).
+
Profit
after tax in Quarter 3/2012 decreased VND912,884,836 compared to in Quarter
3/2011.
