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ASM: Explanation for consolidated business result in Q2/2013 (after auditing) Sao Mai Construction Corporation explained the fluctuation in consolidated profit after tax between Quarter 2/2013 and Quarter 2/2012:
By: VND
|
|
Quarter
2/2013 (after
auditing)
|
Quarter
2/2012 (after
auditing)
|
Difference
|
|
Value
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%
|
|
Revenue from selling and
service supply
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585,204,748,740
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474,059,528,065
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111,145,220,675
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23.45
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|
Deductions
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28,817,419,217
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3,779,233,200
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25,038,186,017
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662.52
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|
Net revenue from selling and
service supply
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556,387,329,523
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470,280,294,865
|
86,107,034,658
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18.31
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Cost of goods sold
|
492,114,562,860
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387,957,050,109
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104,157,512,751
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26.85
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Gross profit from selling and
service supply
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64,272,766,663
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82,323,244,756
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(18,050,478,093)
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(21.93)
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Financial income
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1,840,645,545
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1,494,570,883
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346,074,662
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23.16
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Financial expenses
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29,244,443,104
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32,144,286,783
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(2,899,843,679)
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(9.02)
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In which: interest expenses
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26,673,198,313
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21,201,647,319
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5,471,550,994
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(14.51)
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Selling expenses
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18,438,915,850
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8,765,077,227
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9,673,838,623
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110.37
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General and administration
expenses
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10,168,761,680
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9,455,848,907
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712,912,773
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7.54
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Net profit
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8,261,291,574
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33,452,602,722
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(25,191,311,148)
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(75.30)
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Other income
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494,940,259
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44,982,043
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449,958,216
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1,000.30
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Other expenses
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118,900
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24,117,251
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(23,998,351)
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(99.51)
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Other profit
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494,821,359
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20,864,792
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473,956,567
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2,271.56
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Gain/loss in associate or
joint-venture companies
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4,720,038,725
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5,379,593,643
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(659,554,918)
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(12.26)
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Profit before tax
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13,476,151,658
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38,853,061,157
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(25,376,909,499)
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(65.32)
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Business income tax – current
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2,267,939,340
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8,698,163,955
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(6,430,224,615)
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(73.93)
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Business income tax –
deferent
|
|
|
|
|
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Profit after tax
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11,208,212,318
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30,154,897,202
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(18,946,684,884)
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(62.83)
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-
Profit after tax in Quarter 2/2013 decreased 62.83% (VND18.95
billion) because:
+
Net revenue increased 18.31% (VND86.11 billion) but cost of
goods sold increased 26.85% (VND104.16 billion) because revenue from real estate was
low. Besides, input expenses were high, while price of products did not
increase.
+
Selling expense increased 110.37% (VND9.67billion) because
transportation costs
increased.
HOSE
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