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VCH: VCH: Explanation for change of more than 10% in operating result in Quarter 3/2012
According to the financial
statement of the holding company, the profit after tax in Quarter 3/2012
changes more than 10% year on year. Vinaconex infrastructure development and
construction investment JSC explained the change in operating result as below:
|
No.
|
Target
|
Quarter 3/2012
|
Quarter 3/2011
|
Increase (+), Decrease (-)
|
% +/-
|
|
1
|
Net
profit
|
15,701,658,566
|
15,868,094,237
|
-166,435,671
|
-1.05
|
|
2
|
Cost
of goods sold
|
15,361,131,758
|
16,631,443,165
|
-1,270,311,407
|
-7.64
|
|
3
|
Financial
expense
|
2,805,172,287
|
4,377,266,126
|
-1,572,093,839
|
-35.91
|
|
4
|
Administrative
fee
|
1,215,226,449
|
1,512,232,784
|
-297,006,335
|
-20.00
|
|
5
|
Profit
after tax
|
65,432,494
|
-5,539.748,379
|
5,605,180,873
|
101.18
|
The profit after tax of the
period from 01/07/2012 to 30/09/2012 increased by VND 5,605,180,873 year on
year because of the reasons as follows:
1.
The revenue of the operation period decreased
by VN 166.435 million which was 1.05 % compared with last period. However, the
revenue decreased not much and lower than the decreasing speed of the capital
price, therefore the revenue increased.
2.
The Cost of goods sold decreased by VND 1.270
(7.64%) compared with last period because the company carried over the exercise
loss into the last periods (by 30/06/2012, the company defined the outstanding
operation value was matching with the receivable value, hereby the accumulated
loss of Quarter 2/2012 was VND 27.442 billion), hereby the profit increased.
3.
The financial expense (interest expense) decreased
by VND 1.572 billion which was 35.91% because in 2012 the company narrowed down
the operation that made the capital expense decreased, hereby the profit
increased.
4.
The administrative fee decreased by VND
297.006 million which was 20.00% because the operation expense decreased, led
to the increase in profit after tax.
HNX
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