TYA: Explanation for business result in Quarter 1/2013 Taya (Vietnam) Electric Wire and Cable Joint Stock Company explained the difference in profit in head office between Quarter 1/2013 and Quarter 1/2012:
By: VND
|
Quarter
1/2013
|
Quarter
1/2012
|
Difference
|
%
|
Net
revenue
|
145,774,734,638
|
132,133,560,472
|
13,641,174,166
|
10.3
|
Gross
profit
|
8,254,697,180
|
15,396,862,983
|
-7,142,165,803
|
-46.4
|
Profit
after tax
|
1,424,246,290
|
7,484,785,579
|
-6,060,539,289
|
-81.0
|
-
Revenue in Quarter 1/2013 was VND145.77 billion,
increasing 10.3% compared to in Quarter 1/2012. But profit after tax was
VND1.42 billion, decreasing VND6.06 billion because copper prices in the world decreased strongly in March, 2013, leading to
cost of goods sold increased. Therefore gross profit decreased.
-
Copper prices
in January, 2013 was USD8,049.27/ ton, in February, 2013 was USD8,078.48/ ton,
in March, 2013 was USD7,662.9/ ton.
HOSE
|