VNS: Announcement of the parent company’s revenue & profit
Vietnam Sun Corporation announced the parent company’s revenue and profit in Quarter 2/2013 as follows:
- Total revenue: VND738.76 billion
- Total profit after tax: VND46.81 billion
1. Explanation for the increase of 54.8% in revenue of Quarter 2/2013 compared to revenue of Quarter 2/2012:
- Total revenue in Quarter 2/2013 was VND738.76 billion, increased VND101.18 billion (or 15.87%) compared to Quarter 2/2012; so the gross profit was VND127.6 billion, increased VND17.97 billion (or 16.4%) compared to Quarter 2/2012.
- Although the administrative and selling expenses rose VND10 billion compared to the same period of 2012, the interest expense decreased VND13.29 billion (or 43.1%). This helped VNS’s profit before tax from business operations gain VND60.46 billion and increase VND21 billion (or 53.3%) against Quarter 2/2012.
- In Quarter 2/2013, other profit was not different to Quarter 2/2012.
- Therefore, the increase in business operations helped total profit before tax rise VND22.1 billion and total profit after tax in Quarter 2/2013 rise VND16.58 billion (+54.8%) compared to Quarter 2/2012.
2. The first six months of 2013 of the parent company:
- Total revenue in 6 months: VND1,484.85 billion (equal to 53.2% of the parent company’s business plan).
- Total profit after tax in 6 months: VND94.58 billion (equal to 53.85% of the parent company’s business plan).
HOSE
