TTF: Explanation for business results in Q3.2012 (Consolidated FS)
Truong Thanh Furniture Corporation explained the difference in consolidated revenue and profit between Quarter 3/2012 and Quarter 3/2011 as follows:
By: VND million
Quarter 3/2012 Quarter 3/2011 Quarter 3/2012 vs. Quarter 3/2011 Net revenue 418,725 527,607 -21% Ratio of Gross profit to Net revenue 18.55% 16.65% 11% Profit after tax 11,653 1,482 686% - Compared to the same period of 2011, the Corporation’s revenue in Quarter 3/2012 decreased about 21% because the Corporation was initiative to reduce some customers with low gross profit rates, strengthen capacity for work orders with higher gross profit rates. Besides, subsidiaries in forest industry have not gained revenue from their products. - Compared to the same period of 2011, the Corporation’s profit after tax in Quarter 3/2012 increased 686% mainly because the Corporation saved financial expense when banks reduced lending rates. Moreover, the Corporation applied some solutions to cut expenses well, from human expense to cost of goods sold, or three types of non-production expenses such as financial expense, selling expense and administrative expense.
Quarter 3/2012
Quarter 3/2011
Quarter 3/2012 vs.
Net revenue
418,725
527,607
-21%
Ratio of Gross profit to Net revenue
18.55%
16.65%
11%
Profit after tax
11,653
1,482
686%
- Compared to the same period of 2011, the Corporation’s revenue in Quarter 3/2012 decreased about 21% because the Corporation was initiative to reduce some customers with low gross profit rates, strengthen capacity for work orders with higher gross profit rates. Besides, subsidiaries in forest industry have not gained revenue from their products.
- Compared to the same period of 2011, the Corporation’s profit after tax in Quarter 3/2012 increased 686% mainly because the Corporation saved financial expense when banks reduced lending rates. Moreover, the Corporation applied some solutions to cut expenses well, from human expense to cost of goods sold, or three types of non-production expenses such as financial expense, selling expense and administrative expense.
HOSE
> TTF: Explanation for business results in Q3.2012 (Parent company) (03/12/2012)
> KSS: Explanation for consolidated business result in Q3.2012 (03/12/2012)
> SED: Results of Extraordianry General Meeting of Shareholders (30/11/2012)
> HLA: The Record Date for Annual General Meeting 2013 (30/11/2012)
> IDI: Explanation for business result in Quarter 2.2012 (29/11/2012)
> LCG: Explanation for business result of parent company in Q2.2012 (29/11/2012)
> NTB: Explanation for business result in Q2.2012 (29/11/2012)
> PET: Explanation for business results of parent company in quarter 2.2012 (29/11/2012)
> TSC: Explanation for business result in Quarter 2/2012 (29/11/2012)
> TV1: Explanation for business result in Quarter 2.2012 (29/11/2012)
