Wednesday, 27/02/2013 11:26

DXV: Explanation for Q4.2012 business result

Da Nang Contruction Building Materials Vicem Joint Stock Company (COXIVA) explained the fluctuation in profit before tax in Quarter 4/2012 compared to Quarter 4/2011:

 

Unit

Quarter 4/2012

Quarter 4/2011

Comparison (%)

Selling production

 

 

 

 

- Cement

Ton

78,050

78,949

99%

- Brick

Brick

7,527,760

9,503,715

79%

- Packaging

Pack

5,010,800

6,187,683

81%

Revenue

Million dongs

133,173

145,971

91%

Cost of goods sold

Million dongs

132,133

144,464

91%

Profit before tax

Million dongs

51

2,519

2%

DXV’s profit in Quarter 4/2012 was equal to 98 percent of profit in Quarter 4/2011 because of the following reasons:

-         The selling production of all products in Quarter 4/2012 decreased, so revenue decreased 9 percent compared to Quarter 4/2011.

-         Sales production decreased and expenses increased in loading and unloading cement in Quarter 4.2012. Profit in Quarter 4.2012 decreased sharply.

HOSE

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