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NVT: Explanation for consolidated business results in quarter 1/2013 Ninh Van Bay Real Estate Joint Stock Company (NINH VAN BAY) has explained consolidated business result in quarter 1/2013:
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Consolidated
profit after tax in quarter 1/2013 was VND9,576,403,513, increasing VND22,954,296,343
compared to the same period of 2012:
By: dongs
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No.
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Quarter
1/2013
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Quarter
1/2012
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Different
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1
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Revenue
from selling and service supply
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62,390,570,548
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68,985,134,891
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(6,594,564,343)
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2
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Cost of
goods sold
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29,202,138,375
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(35,923,660,650)
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(6,721,522,275)
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3
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Gross
revenue from selling and service supply
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33,188,432,173
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33,061,474,241
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126,957,932
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4
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Financial
income
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1,649,260,005
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1,174,371,137
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474,888,868
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5
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Financial
expense
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1,232,080,817
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11,939,446,827
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(10,707,366,010)
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6
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Selling
expense
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8,022,217,497
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15,332,406,634
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(7,310,189,137)
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7
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General
& administration expense
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14,885,143,310
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19,316,040,662
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(4,430,897,352)
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8
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Profit
after tax
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9,576,403,513
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(13,377,892,830)
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22,954,296,343
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In
the last 06 months of 2012, the company cut investments as tourist resort,
leading to revenue decreased VND6,594,546,343. But cost of goods sold
decreased, leading to gross revenue increased VND126,957,993.
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In
2013, NINH VAN BAY cut expenses, in which:
+
Financial
expense, selling expense, general & administration expense in quarter
1/2013 decreased strongly VND22,448,452,499 . Therefore, profit in quarter 1/2013
was higher than quarter 1/2012.
HOSE
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