Dong Do Marine Joint Stock Company (Dong Do Marine) has explained reasons of profit after tax in quarter 4/2012 was -30,635,365,402 dongs, decreasing 29,888,253,417 dongs compared to Quarter 4/2011, mainly because:
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The
difficult of sea transportation. Revenue sales and services in quarter 4/2012
was 74,716,621,567 dongs, decreasing 28.6% (29,961,632,900 dongs) compared to
quarter 4/2011. However, Fuel and oil expense increase highly leading cost of
goods sold in quarter 4/2012 rose.
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In
Quarter 4/2012, the company allocated losses from exchange rate difference for
long-term loan in foreign currencies with amount about 1.5 billion dongs.
-
Repairing
expense from Dong
Thanh Ship in China
was 1.2 billion dongs.
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In Quarter
4/2012, the company made a provision for investment in associated companies was 11.028 billion dongs.
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Interest
expense in Quarter 4/2012 was 18.8 billion dongs, increasing 9.4% or 1.6
billion dongs compared to the same period of 2011.
-
In Quarter
4/2012, revenue from DongThanh ship complaint was 4.6 billion dongs, leading to
other income increased 3.8 billion compared to the same period of 2011.
-
Therefore,
Cost of goods sold in Quarter 4.2012 increased 12.5% or 8,196,359,449 dongs
from the same period of 2011, leading to net profit in Quarter 4/2012 decreased
34,128,238,486 dongs compared to in Quarter 4/2011.
-
Therefore,
loss in Quarter 4/2013 was 30 billion dongs, decreasing 29.8 billion dongs
compared to in Quarter 4/2011.
