SVC: Explanation for the business result in quarter 2.2011
SVC: Explanation for the business result in quarter 2.2011
Saigon General Service Corporation (HOSE: SVC) (SAVICO) has explained the difference of business result in quarter 2/2011 compared with quarter 2/2010 as follows:
Unit: VND
|
Items |
Quarter 2/2011 |
Quarter 2/2010 |
Difference | |
|
+/- |
% | |||
|
Revenue from sales and services |
1,205,353,236,311 |
936,293,255,552 |
269,059,980,759 |
28.71 |
|
Profit after tax |
9,865,338121 |
19,851,876,652 |
-9,986,538,531 |
-50.31 |
|
Income after tax of the parent company |
2,216,544,687 |
18,096,427,610 |
-15,879,882,923 |
-87.75 |
Revenue from sales and services consolidated of SAVICO increased compared with quarter 2/2010 because:
+ Savico and Song Han Savico began with revenue from after the quarter 2/2010 made revenue quarter 2/2011 increased VND68 billion compared with quarter 2/2010
+ Revenue from sales Ford cars increased general and Ben Thanh Company Ltd. began stable revenue from quarter 2/2010 to make revenue quarter 2/2010 increased VND52 billion compared with the same period of 2010
+ Long Bien Toyota official operations start from the first of 2011 has made revenue quarter 2/2011 increased VND117 billion compared with the same period 2010, which made consolidated income before tax of Savico increase VND44 billions
Profit after tax decreased the main interest expenses increased VND15.3 billion. Moreover, Deductions of the parent company increased VND13 billion make income after tax decreased compared with the same period 2010.
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