NHW: Explanation for consolidated business results in quarter 1/2013
Ngo Han Joint Stock Company has explained difference of profit in Quarter 1/2013 and Quarter 1/2012 as follows:
- Consolidated profit after tax Quarter 1/2013 was VND6.56billion, increasing 69.7% compared to the same last year, mainly because: + In quarter 1/2012, Cathode price changed strongly, leading to cost of goods sold increased. + In quarter 1/2013, the company managed input price. Therefore, gross profit increased VND6.26 billion (44.8%).
- Consolidated profit after tax Quarter 1/2013 was VND6.56billion, increasing 69.7% compared to the same last year, mainly because:
+ In quarter 1/2012, Cathode price changed strongly, leading to cost of goods sold increased.
+ In quarter 1/2013, the company managed input price. Therefore, gross profit increased VND6.26 billion (44.8%).
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