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VCH: VCH: Explanation for change of more than 10% in operating result in Quarter 3/2012
According to the
consolidated financial statement of the, 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
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Quarter 3/2012
|
Quarter 3/2011
|
Increase (+), Decrease (-)
|
% +/-
|
|
1
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Net
profit
|
20,006,620,777
|
167,888,742,99
|
3,217,746,478
|
19.17%
|
|
2
|
Cost
of goods sold
|
19,279,146,190
|
18,238,465,934
|
1,040,680,256
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5.71%
|
|
3
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Financial
expense
|
2,827,331,289
|
4,399,627,237
|
-1,572,295,948
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-35.74%
|
|
4
|
Administrative
fee
|
1,544,908,705
|
1,939,522,453
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-394,613,748
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-20.35%
|
|
5
|
Profit
after tax
|
92,966,867
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-6,135,898,247
|
6,228,865,114
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101.52%
|
The profit after tax of the
period from 01/07/2012 to 30/09/2012 increased by VND 6,228,865,114 year on
year because of the reasons as follows:
1.
The revenue of the operation period increased
by VN 3,217 million which was 19.17 % compared with last period because the
revenue of the subsidiary company increased.
2.
The Cost of goods sold decreased by VND 1.040
(5.71%) compared with last period however the increasing speed of the cost of
goods sold was lower than the increasing speed of revenue. Therefore the
revenue increased.
3.
The financial expense (interest expense)
decreased by VND 1.572 billion which was 35.74% 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
394.613 million which was 20.35% because the operation expense decreased, led
to the increase in profit after tax.
HNX
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