Ca Mau Frozen Seafood Processing Import Export Corporation has explained the business results in Quarter 4/2012 and Quarter 4/2011 as follows:
-
Profit before tax in Quarter 4/2012: 340,650,399
dongs
-
Profit before tax in Quarter 4/2011: 1,227,535,991
dongs
-
Decreased: 886,885,592 dongs
Reasons:
1. Net
revenue from sales in Quarter 4/2012 decreased by 99.920 billion dongs (32.54%).
Cost of goods sold decreased by 88.369 billion dongs (32.65%), making to gross
profit decreased by 11.551 billion dongs because goods of selling decreased 361
tons (26.61%) and the difference in the production structure.
2. Financial
incomes in Quarter 4/2012 decreased by 13.864 billion dongs (96.9%) compared to
Quarter 4/2011. Financial expenses in Quarter 4/2012 decreased by 19.217
billion (65.05%), making to profit in Quarter 4/2012 increased by 5.353 billion
dongs because:
-
In Quarter 4/2012, foreign exchange rate
stabilized to profit decreased by 5.716 billion dongs.
-
Interest expenses in Quarter 4/2012 decreased 52.70%
equally 11,068,598,422 dongs, making to profit increased 11.069 billion dongs.
3. Selling
expenses and general & administrative expenses in Quarter 4/2012 decreased
by 4,607,457,645 dongs (30.15%) and 150,628,601 dongs (3.60%), leading to
profit increased 4.758 billion dongs.
4. Other
incomes in Quarter 4/2012 decreased 21.15% and other expenes in Quarter 4/2012
decreased 72.85%, leading to other profit increased 0.553 billion dongs.
