SPM: Explanation for business result in Quarter II/2011
SPM: Explanation for business result in Quarter II/2011
S.P.M Corporation (HOSE: SPM) explained business result in Quarter II/2011 as follows:
|
|
Quarter II-2011 |
Quarter II-2010 |
Comparison with the same period last year | |
|
+/- |
% | |||
|
Net revenue |
97,809,876,732 |
80,616,585,483 |
17,193,291,249 |
21.33% |
|
Sales of goods |
70,007,680,399 |
51,682,673,398 |
18,325,007,001 |
35.46% |
|
Financial revenue |
27,802,196,333 |
28,933,912,085 |
-1,131,715,752 |
-3.91% |
|
Profit after tax |
17,567,680,070 |
23,079,366,104 |
-5,511,686,034 |
-23.88% |
Profit in Quarter II/2011 decrease by VND5,511,686,034 (+23.88%) compared to Quarter II/2010 because of the following reasons:
Prices of input materials increased affecting the cost of production increase, but prices are controlled by state agencies, although sales increases 21.33% compared with the same period 2010 but price can not adjusted to gross profit decrease 3.91% affect the performance of production and business in quarter 2/2011
Inflation, interest bank affecting the production company’s business.
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