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PAC: Explanation for business result in Quarter 2/2013 Dry Cell and Storage Battery Joint Stock Company (PINACO) explained an increase of VND7,168,110,539 (or 58.05%) in profit after tax in Quarter 2/2013 compared to Quarter 2/2012 as follows:
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By:
VND
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No.
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Item
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Quarter
2/2013
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Quarter
2/2012
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Difference
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1
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2
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3
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4
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5=3-4
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6=5/4
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1
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Net
revenue
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512,626,526,703
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478,160,852,660
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34,465,674,043
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7.21%
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2
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Net
financial income
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3,941,961,900
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2,395,887,174
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1,546,074,726
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64.53%
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3
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Selling
expense
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59,240,506,263
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69,377,500,754
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(10,136,994,491)
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-14.61%
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4
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Profit
after tax
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19,516,965,636
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12,348,855,097
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7,168,110,539
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58.05%
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Reason:
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Although the overall purchasing power of the market has been
weak, PINACO’s revenue in Quarter 2/2013 increased more than VND34 billion, or
7.21%, thanks to the good distribution system.
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Financial income in Quarter 2/2013 grew more than VND1.5
billion or 64.53% compared to the same period of 2012.
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Selling expense decreased more than VND10 billion, or
14.61%. This also helped PINACO’s profit increase.
HOSE
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