Ca Mau Frozen Seafood Processing Import Export Corporation has explained the business results in Quarter 3/2013 and Quarter 3/2012 as follows:
-
Profit before tax in Quarter 3/2013: 734,491,853
dongs
-
Profit before tax in Quarter 3/2012: 1,598,167,506
dongs
-
Decreased: -863,675,653 dongs
-
Reasons:
1. Net revenue from
sales in Quarter 3.2013 decreased by 67.827 billion dongs (26.48%). Cost of
goods sold decreased by 58.344 billion dongs (25.34%), making to gross profit
decreased by 9.483 billion dongs because goods of selling decreased 466 tons (42.04%)
and the difference in the production structure.
2. Financial incomes
in Quarter 3/2013 increased by 2.069 billion dongs (678.95%) compared to
Quarter 4/2011. Financial expenses in Quarter 4/2012 decreased by 4.236 billion
(40.91%), making to profit in Quarter 4/2012 increased by 6.305 billion dongs
because:
+
Foreign exchange rate had difference to profit increased
by 1,400,955 million dongs.
+
Interest expenses decreased 47.67% making to
profit increased 4,904.93 million dongs.
3. Selling expenses and general &
administrative expenses in Quarter 3/2013 decreased by 3.298 billion dongs and increased
by 0.999 billion dongs , leading to profit increased 2.300 billion dongs.
