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LO5: Explanation for difference of profit after tax in quarter II/2013 year on year
On 17/9/2013, Lilama 5
Joint Stock Company (Securities code: LO5) explained fluctuations of profit
after tax in business performance of quarter II/2013 and quarter II/2012 of FS
as follows:
|
No.
|
Indicator
|
Quarter II/2012
(1)
|
Quarter II/2013
(2)
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Difference
(=(2-1)/1)
|
|
1
|
Revenue from sale and services
|
53,745,227,882
|
43,552,347,14
|
-18.96%
|
|
2
|
Cost price of goods sold
|
40,708,200,039
|
35,121,640,528
|
-13.72%
|
|
3
|
Gross profit from sale and services
|
13,037,027,843
|
8,430,706,686
|
-35.33%
|
|
4
|
Financial activities expense
|
10,072,469,910
|
5,615,666,013
|
- 44.25%
|
|
5
|
Net profit from business activities
|
52,210,498
|
153,721,362
|
194.43%
|
|
6
|
Other profit
|
44,298,835
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(10,253,174)
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-123.15%
|
|
7
|
Profit after corporate income tax
|
72,382,000
|
107,601,141
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48.65%
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Reasons:
- Due to difficult
situation of the economy, revenue and cost price of quarter II/2013 decreased
compared to quarter II/2012 while revenue reduced more than cost price so gross
profit from sale and services decreased 35.33%. However, financial activities
expense also decreased 44.25% while financial revenue and governance expense
did not have great fluctuations so net profit from business activities
increased VND 101,510,864 (equivalent to 194.43%).
- In addition, other
profit in quarter II/2013 decreased compared to quarter II/2013 of VND
54,552,009 (equivalent to 123.15%)
- Generally, profit after
corporate income tax of Lilama 5 Joint Stock Company increased VND 35,219,141
(equivalent to 48.65%)
HNX
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