Monday, 22/07/2013 15:58

PAC: Explanation for business result in Quarter 2/2013

Dry Cell and Storage Battery Joint Stock Company (PINACO) explained the difference in business results between Quarter 2/2013 and Quarter 2/2012:

By: VND

No.

Item

Quarter 2/2013

Quarter 2/2012

Difference

1

2

3

4

5=3-4

6=5/4

1

Net revenue

512,626,526,703

478,160,852,660

34,465,674,043

7.21%

2

Net financial income

3,917,478,035

2,395,845,874

1,521,632,161

63.51%

3

Selling expense

59,240,506,263

69,377,500,754

(10,136,994,491)

-14.61%

4

Profit after tax

19,503,171,009

14,571,235,911

4,931,935,098

33.85%

PINACO’s profit after tax in Quarter 2/2013 increased VND4,931,935,098 or 33.85% compared to the same period of 2012, mainly because of the following reasons:

-         Revenue increased more than VND34 billion, or 7.21% thanks to good distribution system.

-         Financial income increased more than VND1.5 billion or 63.51%.

-         Selling expense decreased more than VND10 billion or 14.61%.

HOSE

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