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CMC: CMC: Explanation for change in operation result of Quarter IV.2011 to Quarter IV.2012
CMC Investment announces the
explanation for change in operation result of Quarter IV.2011 and Quarter
IV.2012 as follows:
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No.
|
Content
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Quarter IV.2012
|
Quarter IV.2011
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Change
+ (%)
Between
Quarter IV.2012 and Quarter IV.2011
|
|
1
|
Total
revenue and other incomes
|
35,743,335,847
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20,354,505,050
|
|
|
|
Revenue from financial
business
|
13,680,795,455
|
17,745,439,633
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-
122.91
|
|
|
Revenue from financial
activities
|
2,062,540,392
|
420,489,803
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+
390.51
|
|
|
Other Incomes
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20,000,000,000
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2,188,575,614
|
+
813.83
|
|
2
|
Total
expense
|
36,322,458,384
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21,180,906,449
|
|
|
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Cost of goods sold
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11,062,067,630
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16,177,369,280
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-
131.62
|
|
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Financial expense
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2,968,522,278
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3,805,241,745
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-
121.99
|
|
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Sales expense
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57,761,150
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26,477,717
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+
118.15
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|
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Administrative expense
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747,101,294
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661,363,765
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+
12.96
|
|
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Other expenses
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21,487,006,032
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510,453,942
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+
4.109.39
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|
3
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Profit
before tax
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- 579,122,537
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- 826,401,399
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+ 129.92
|
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4
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Profit
after tax
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- 434,341,902
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- 723,101,224
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+ 139.92
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I
. Revenue explanation
Revenue
in Quarter IV.2012 decreased by 122.91% compared to Quarter IV.2011 because:
CMC Investment had construct equipments business to serve the projects, in 2012
the tight monetary policy of the Government and the domestic economy was in recession
so the sales of machines meet difficulties led to decrease in sales.
The
revenue from financial business of Quarter IV.2012 increased by 390.51%
compared with Quarter IV.2011 because: the Stock Market in Quarter IV.2012 went
up in a good direction so the stock activities list increased.
The
other Incomes in Quarter IV.2012 increased 813.83% compared with Quarter
IV.2011 because: Quarter IV.2012, the company withdrew capital at the humanity
vocational school and pay back.
II. Expenses explanation
The
Cost of goods sold in Quarter IV.2012 decreased by 131.62% compared with
Quarter IV.2911 because: The revenue of Quarter IV.2012 decreased so led to the
Cost of goods sold decreased.
The
financial expense in Quarter IV.2012 decreased by 121.99% compared with Quarter
IV.2011 because: At the moment the company did not borrow money from the Bank
therefore the expenses of the Quarter decreased year on year.
The
sales expense increased by 118.15% compared with Quarter IV.2011 because:
Quarter IV during years the amount of machines, equipments were sold slow but
in the next month the sold quantity would be better therefore the company
import machines led to sales expense increased.
The
administrative expenses of Quarter IV.2012 increased 12.92% compared with
Quarter IV.2011 because: The management board of the company always try to
minimize the unnecessary expenses, tighten spending in the whole company.
The
Other expenses of Quarter IV.2012 increased by 4,109.39% compared with Quarter
IV.2011 because the company withdrew capital from the humanity vocational
school therefore the company accounted the invested expense of the past years
into 2012.
III. Profit explanation
The
profit before tax of Quarter IV.2012 increased 129.92% compared with Quarter
IV.2011 because: the domestic economy as well as world economy met
difficulties, the interest rate decreased but still at the high rate, the stock
market continuously decreased led to the financial investment of the company
must increased provision ratio, therefore the profit of the company still lost.
The
profit after tax of Quarter IV.2012 increased by 139.93% compared with Quarter
IV.2011 because: Quarter IV.2011 was the year the company was discounted 50% of
enterprise income tax therefore the profit after tax of the company increased
with the ratio.
HNX
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