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SBA: Explanation for business results in Q3.2013 Song Ba Joint Stock Co. (SBA) has announced explanation for business result in quarter 3.2013 as follows:
-
Profit
after tax in quarter 3.2013 : 22,399,881,649
dongs
-
Profit
after tax in quarter 3.2012 : 61,621,533
dongs
-
Increasing : 22,338,260,116
dongs or 36,250.74%
-
Main
reasons made a business result in Quarter 3.2013 increased:
+
On
June 27, 2013, SBA adjusted to increase electricity price of Krong H’nang
Hydropower Plant as from January 01, 2013, although output of Krong H’nang
Hydropower Plant in Quarter 3.2013 was 38.31 million kWh and revenue was 52.12
billion dongs. While average price in Quarter 3/2012 was low, output
in Quarter 3.2012 was 16.46 million kWh and revenue was 6.72 billion dongs.
+
Output
of Khe Dien Hydropower Plant in Quarter 3.2013 was 6.18 million kWh, revenue
was 3.51 billion dongs. While output in Quarter 3.2012 was 4.89 million kWh,
revenue was 2.64 billion.
+
Total
output of the two plants was 44.49 million kWh but revenue was 55.63 billion
dongs, increasing 46.58 billion dong or + 514.69% compared to in Quarter
3/2012, leading to business result in Quarter 3/2013 was higher than in Quarter
3/2012.
Unit: dongs
|
No.
|
Items
|
Quarter 3/2013
|
Quarter 3/2012
|
+/- Change
|
% Change
|
|
A
|
B
|
1
|
2
|
(3) = (1)
– (2)
|
(4) = (3)
/ (2)*100
|
|
1
|
Revenue
|
55,912,837,262
|
9,056,536,160
|
46,856,301,102
|
517.38
|
|
2
|
Cost of
goods sold
|
15,544,451,241
|
7,697,172,965
|
7,847,278,276
|
101.95
|
|
3
|
Gross
profit
|
40,368,386,021
|
1,359,363,195
|
39,009,022,826
|
2,869.65
|
|
4
|
Financial
incomes
|
336,113,384
|
115,081,710
|
221,031,674
|
192.06
|
|
5
|
Financial
expenses
|
16,519,495,841
|
543,944,346
|
15,975,551,495
|
2,936.98
|
|
6
|
General
and administrative expenses
|
1,616,465,473
|
836,617,304
|
779,848,169
|
93.21
|
|
7
|
Net
operating profit
|
22,568,538,091
|
93,883,255
|
22,474,654,836
|
23,938.94
|
|
8
|
Other
profits
|
37,791,360
|
9,467,797
|
28,323,563
|
299.16
|
|
9
|
Other
expenses
|
37,447,802
|
13,467,381
|
(182,123,823)
|
1,429.65
|
|
10
|
Other
profit
|
(168,656,442)
|
(4,028,584)
|
(164,627,858)
|
4,086.49
|
|
11
|
Profit
before tax
|
22,399,881,649
|
89,854,671
|
22,310,026,978
|
24,829.01
|
|
12
|
Current
corporate income tax
|
-
|
28,233,138
|
(28,233,138)
|
(100.00)
|
|
13
|
Profit
after tax
|
22,399,881,649
|
61,621,533
|
22,338,260,116
|
36,250.74
|
HOSE
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