Son Ha International Corporation explained fluctuations in business results of Quarter 2/2013 compared to Quarter 2/2012, based on the consolidated financial statements of Quarter 2/2013:
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Revenue: In Quarter 2/2013, SHI’s revenue decreased 24%
compared to the same period of 2012 mainly because in Quarter 2/2013, raw material prices
decreased and economic difficulties, leading to revenue from selling domestic
decreased.
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Cost of goods sold: SHI’s cost of goods sold in Quarter 2/2013
decreased 24% compared to Quarter 2/2012.
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Financial income: Financial income increased 53% from the
same period of last year because foreign exchange increased.
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Financial expense: Financial expense decreased 26% compared
to Quarter 2/20132 because of the following reasons interest expense decreased 46%
or VND11.2 billion and foreign
exchange increased.
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Selling expense: Selling expense increased 14% compared to
the same period of 2012 because of increases in wage expense, other expenses.
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Administrative expense: Administrative expense rose 9%
against Quarter 2/2012.
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Profit after tax: Profit after tax in Quarter 2/2013 decreased
515% compared to Quarter 2/2012, and the parent company’s profit after tax also
decreased 476%.
