 HVT: Explanation for the difference in the profit after tax of quarter 2.2015 year on year
HNX - 8/6/2015 10:50:00 AM
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On 30/07/2015, Viet Tri Chemicals Joint Stock Company explained the difference in the profit after tax of quarter 2.2015 year on year as follows:
According to the financial statement of quarter 2.2015, the profit after tax decreased by VND 750,342,047 (equivalent to 11.39%) compared to quarter 2.2014.
Main reason:
1. Selling activities: In May 2015, the project of transforming the soda manufacturing technology began to come into operation. Hereby, the production size increased and the product quality was improved. The consumption market was also expanded. Therefore, the net revenue of quarter 2.2015 increased by VND 25,683,431,762 (equivalent to 27.14%) over quarter 2.2014.
2. Cost management
The State increased the electricity price by 7.5% from the end of quarter 1.2015. Therefore, the electricity cost took account for 40% of total production cost of the Company so the production cost increased strongly.
Moreover, quarter 2 of 2015 was the after-investment period so fixed costs like depreciated cost or interest cost increased dramatically.
|
Target
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Quarter 2.2015
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Quarter 2.2014
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Difference
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|
+-
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%
|
|
Net revenue
|
120,311,108,104
|
94,627,676,342
|
25,683,431,762
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27.14
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Cost of goods sold
|
96,475,543,650
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71,314,255,812
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25,161,287,838
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35.28
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Financial cost
|
2,554,242,841
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1,256,489,852
|
1,297,752,989
|
103.28
|
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Selling cost
|
7,321,571,232
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6,530,090,424
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791,480,808
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12.12
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General and administrative
cost
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6,962,845,207
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7,595,924,060
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(633,078,853)
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(8.33)
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|
Profit after tax
|
5,835,261,753
|
6,585,603,800
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(750,342,047)
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(11.39)
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Attached File: 
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