VNI: Explanation for consolidate profit in Q3.2013
Viet Nam Land Investment Corporation announced the fluctuation in the profit and loss in Quarter 3/2013 compared to Quarter 3/2012:
Unit: dongs
Items from Jul 01, 2013 to Sep 30, 2013 from Jul 01, 2012 to Sep 30, 2012 Difference 1 2 3=1-2 1. Revenue of sales and services 1.809.090.567 2.711.551.468 -902.460.901 2. Cost of sales 377.487.707 695.040.415 5. Gross profit 1.431.602.860 2.016.511.053 -584.908.193 6. Financial income 105.175.890 48.829.608 56.346.282 7. Financial expenses 162.619.143 103.050.117 59.569.026 - In which: Interest expense 123.241.141 103.050.117 20.191.024 8. Selling expenses 623366958 484890224 138.476.734 9. General & administrative expenses 691.386.524 1.067.031.344 -375.644.820 10. Net operating profit 59.406.125 410.368.976 -350.962.851 11. Other income -40331415 286139079 -326.470.494 15. Profit before tax 19.074.710 696.508.055 -677.433.345 - Revenue of sales and services in Quarter 3.2013 decreased by 902,460,901 dongs compared to the same period of last year. Gross profit decreased by 584,908,193 dongs - Financial expenses increased by 59,569,026 dongs, Selling expenses increased by 138,476,734 dongs, General & administrative expenses decreased 375,644,820 dongs. Other income decreased by 350,962,851 dongs leading to profit before tax decreased by 677,433,345 dongs. - Expenses went up but revenue from parent company and subsidiaries due to real estate market has frozen.
Items
from Jul 01, 2013 to Sep 30, 2013
from Jul 01, 2012 to Sep 30, 2012
Difference
1
2
3=1-2
1. Revenue of sales and services
1.809.090.567
2.711.551.468
-902.460.901
2. Cost of sales
377.487.707
695.040.415
5. Gross profit
1.431.602.860
2.016.511.053
-584.908.193
6. Financial income
105.175.890
48.829.608
56.346.282
7. Financial expenses
162.619.143
103.050.117
59.569.026
- In which: Interest expense
123.241.141
20.191.024
8. Selling expenses
623366958
484890224
138.476.734
9. General & administrative expenses
691.386.524
1.067.031.344
-375.644.820
10. Net operating profit
59.406.125
410.368.976
-350.962.851
11. Other income
-40331415
286139079
-326.470.494
15. Profit before tax
19.074.710
696.508.055
-677.433.345
- Revenue of sales and services in Quarter 3.2013 decreased by 902,460,901 dongs compared to the same period of last year. Gross profit decreased by 584,908,193 dongs
- Financial expenses increased by 59,569,026 dongs, Selling expenses increased by 138,476,734 dongs, General & administrative expenses decreased 375,644,820 dongs. Other income decreased by 350,962,851 dongs leading to profit before tax decreased by 677,433,345 dongs.
- Expenses went up but revenue from parent company and subsidiaries due to real estate market has frozen.
HOSE
> GLT: Results of Annual General Meeting of Shareholders 2013 (22/11/2013)
> HHG: Board Resolution on contents of General meeting of shareholders 2013 (22/11/2013)
> D11: Results of Annual General Meeting of Shareholders 2013 (22/11/2013)
> FPT announces 10-month revenue increase (22/11/2013)
> PVN posts $29.85b in turnover (22/11/2013)
> VCV: Results of Annual General Meeting of Shareholders 2013 (22/11/2013)
> VNR: Financial Statement Quarter 3/2013 (holding company) (22/11/2013)
> DIC: Explanation for consolidated and parent company business result in Q3, 2013 (22/11/2013)
> BHC: Financial Statement Quarter 3/2013 (21/11/2013)
> HSG: Setting up a Branch (21/11/2013)
