Son Ha International Corporation explained fluctuations in business results of Quarter 1/2013 compared to Quarter 1/2012, based on the consolidated financial statements of Quarter 1/2013:
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Revenue: In Quarter 1/2013, SHI’s revenue rose 3% compared
to the same period of 2012 mainly because in Quarter 1/2013, SHI implemented sales policies and SHI opened many
branches.
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Cost of goods sold: SHI’s cost of goods sold in Quarter
1/2013 increased 2% compared to Quarter 3/2011 because input expenses
decreased.
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Financial income: Financial income increased 16% from the
same period of last year because the Corporation in Quarter 1/2013 had
financial incomes from selling shares.
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Financial expense: Financial expense decreased 9% compared
to Quarter 1/2013 because of the following reasons interest expense decreased
20% of VND5.7 billion.
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Selling expense: Selling expense increased 96% compared to
the same period of 2012 because of increases in wage expense, other expenses.
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Administrative expense: Administrative expense rose 53%
against Quarter 1/2012 because: wage expense rose 35%, expense for office
equipment
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Other income: Other income increased 806% because profits of
branches were transferred.
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Profit after tax: Profit after tax in Quarter 1/2013 increased
159% compared to Quarter 1/2013, and the parent company’s profit after tax also
increased 141%.
