VNS: Explanation for business result in Quarter 1/2013 of parent company
Vietnam Sun Corporation explained the difference in profit between Quarter 1/2013 and Quarter 1/2012:
By: Billion dongs
Quarter 1/2013
% of parent company plan
Total revenue
746
26.7
Profit of parent company
47.77
27.2
Investment
98 vehicles
- Profit after tax of parent company in Quarter 1/2013 was VND47.77 billion, increasing VND19.57 billion or 69% compared to in Quarter 1/2012 because:
+ Revenue in Quarter 1/2013 was VND746 billion, increasing VND108.5 billion or 17% compared to in Quarter 1/2012, leading to gross profit was VND122.8 billion, increasing VND33.85billion or 38.1% compared to in Quarter 1/2012.
+ Although general and administration expense and selling expense increased VND25.26 billion, interest expense decreased VND10.85 billion, leading to profit before tax was VND56 billion, increasing VND19.28 billion or (52%) compared to in Quarter 1/2012.
+ In Quarter 1/2013, the company liquidated 38 vehicles, leading to other profit was VND7.66 billion, increasing VND6.82 billion or 813% compared to in Quarter 1/2012.
HOSE
