Ca Mau Frozen Seafood Processing Import Export Corporation has explained the business results in Quarter 1/2013 and Quarter 1/2012 as follows:
-
Profit before tax in Quarter 1/2013: 700,125,478
dongs
-
Profit before tax in Quarter 1/2012: 3,486,977,086
dongs
-
Decreased: (2,786,851,608) dongs
-
Reasons:
1.
Net revenue from selling in Quarter 1/2013
decreased by 128.021 billion dongs (57.69%). Cost of goods sold decreased by 113.780
billion dongs to making profit gross profit decreased by 14.241 billion dongs
because goods of selling decreased 466 tons and the difference in the
production structure.
2.
Financial incomes in Quarter 1/2013 decreased by 10.587
billion dongs (418.19%) compared to Quarter 1/2012. Financial expenses in
Quarter 1/ 2013 decreased by 2.432 billion (12.51%) making financial profit in
Quarter 1/2013 increased by 8.155 billion dongs because:
+
In Quarter 1/2013, foreign exchange rate
stabilized.
+
Interest expense in Quarter 1/2013 decreased 49.25%
making to profit increased 8,400.062 million dongs.
3.
Selling expenses and general & administrative
expenses in Quarter 1/2013 decreased by 3.379 billion dongs (42.16%) and 0.864
billion dongs (1.93%) leading to profit increased 3.465 billion dongs.
4.
Other incomes in Quarter 1.2013 decreased 59.97%.
Other expenses in Quarter 1/2013 decreased 81.99% leading to other profit decreased
0.165 billion dongs.
