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TDH: Explanation for consolidated business result in Q3/2013 Thu Duc Housing Development Corporation explained the fluctuation in profit in Quarter 3/2013 compared to Quarter 3/2012:
By: Million VND
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Item
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Quarter 3
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Accumulation
from January 1 to September 30
|
|
|
2013
|
2012
|
2013
|
2012
|
|
Net sales
|
93,340
|
73,765
|
283,983
|
226,405
|
|
Gross
profit
|
36,148
|
14,425
|
79,660
|
42,746
|
|
Operating
profit
|
16,271
|
-10,242
|
8,377
|
-9,879
|
|
Net
profit before tax
|
16,081
|
-8,520
|
9,531
|
-56
|
|
Net
profit after tax
|
14,957
|
-9,498
|
6,369
|
-1,618
|
|
Attributable to parent company
|
15,296
|
-8,362
|
7,952
|
2,751
|
-
Profit
after tax in Q3/2013 was VND15 billion, increasing dramatically compared to the
same period of 2012 because:
+
Net
sales in Q3/2013 were VND93.3 billion, increasing VND19.6 (equivalent to 26.5%)
compared to the same period of 2012 because of the revenue from long-term lease
in B market
+
Cost
of sales/net sales ratio decreased to 61.3% in Q3/2013 from 80,4% in Q3/2012,
leading to a sharp increase in gross profit, VND21,7 billion (equivalent to
150.6%).
+
Financial
expenses were VND12.2 billion, decreasing by 36.7% (equivalent to VND7
billion), in which interest expenses decreased VND 4 billion (equivalent to
47.6%).
+
Selling
expenses decreased 29.7% (equivalent to VND0.4 billion)
HOSE
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