HAGL Joint Stock Company (HAGL) has explained fluctuation of business results in Quarter 3/2013 compared to Quarter 3/2012 as follows:
-
Profit
before tax in Quarter 3/2013: 13,888,297 thousand dongs
-
Profit
before tax in Quarter 3/2012: 15,699,778 thousand dongs
-
Reasons:
1. Business:
-
Revenue
from selling in Quarter 3/2013 decreased VND260 billion compared to in Quarter
3/2012 ( In Quarter 3/2012: VND474 billion,
Quarter 3/2013: VND214 billion) because:
+
Revenue
from selling in Quarter 3/2013 decreased VND298 billion compared to in Quarter
3/2012 ( In Quarter 3/2012: VND403 billion,
Quarter 3/2013: VND105 billion).
+
Revenue
from selling apartments in Quarter 3/2013 increased VND56 billion
compared to in Quarter 3/2012 ( In Quarter 3/2012: VND9 billion, Quarter 3/2013: VND65 billion) .
+
Cost
of goods sold in Quarter 3/2013 decreased VND265 billion compared to in Quarter
3/2012 (In Quarter 3/2012: VND435billion, Quarter 3/2013: VND170 billion)
because:
+
Cost
of goods sold from selling in Quarter 3/2013 decreased VND286 billion compared
to in Quarter 3/2012 ( In Quarter 3/2012: VND369 billion, Quarter 3/2013: VND83 billion).
+
Cost
of goods sold from selling apartments in Quarter 3/2013 increased
VND43billion compared to in Quarter 3/2012 ( In Quarter 3/2012:
VND8billion, Quarter 3/2013: VND51
billion).
2. Financial:
-
Financial
incomes in Quarter 3/2013 decreased VND56 billion compared to in Quarter 3/2012
(In Quarter 3/2012: VND300 billion, Quarter 3/2013: VND244 billion).
-
Mainly
because the firm transferred shares of
Hoang Anh Gia Lai Wood SJC, Minh Thanh Co., Ltd. leading to financial income
was VND90 billion.
-
Interest
income from subsidiaries decreased VND171 billion compared to in Quarter 3/2012
(In Quarter 3/2012: VND270 billion, Quarter 3/2013: VND99 billion).
-
Financial
expenses in Quarter 3/2013 decreased VND54 billion compared to in Quarter
3/2012 (In Quarter 3/2012: VND284 billion, Quarter 3/2013: VND230 billion)
because interest expense decreased VND41billion.
