Ca Mau Frozen Seafood Processing Import Export Corporation has explained the business results in Quarter 2/2013 and Quarter 2/2012 as follows:
-
Profit before tax in Quarter 2/2013: 1,403,292,073
dongs
-
Profit before tax in Quarter 2/2012: 2,251,902,572
dongs
-
Decreased: (848,610,499) dongs
Reasons:
1. Net
revenue from selling in Quarter 2/2013 decreased by 182.293 billion dongs (55.34%).
Cost of goods sold decreased by 166.135 billion dongs (56.87%) to making profit
gross profit decreased by 16.159 billion dongs because goods of selling
decreased 636 tons and the difference in the production structure.
2. Financial
incomes in Quarter 2/2013 decreased by 0.289 billion dongs (19.31%) compared to
Quarter 2/2012. Financial expenses in Quarter 2/ 2013 decreased by 7.790
billion (43.67%) making financial profit in Quarter 2/2013 increased by 7.501
billion dongs because:
-
Average bank deposits in Quarter 2/2013 decreased
58.05% making profit decreased 2,570.87 million dongs.
-
In Quarter 2/2013, foreign exchange rate
stabilized.
3. Selling expenses and general &
administrative expenses in Quarter 2/2013 decreased by 7.175 billion dongs (55.36%)
and 0.066 billion dongs (1.35%) leading to profit increased 7.109 billion dongs.
4. Other incomes in Quarter 2/2013 increased 6.27%.
Other expenses in Quarter 2/2013 increased 63.18% leading to profit increased 0.700
billion dongs.
