CKV: Explanation for change of over 10 percent in operating result in Quarter III/2012

[xiuchic]

According to the Financial Statement Quarter III/2012, operating result changes by more than 10% year on year. Post and Telecommunication Trading JSC (Cokyvina) explained the change in operating result in Quarter III/2012 as follows:

1. Increase of gross sale from merchandises and services

- QIII/2012 : VND37,138,158,421

- QIII/2011 : VND10,563,667,726

- Increases : VND26,574,490,695 (251%)

- Reasons : The company exploited and sell some new goods

2. Decrease of cost of goods sold

- QIII/2012 : VND36,070,242,448

- QIII/2011 : VND7,594,342,715

- Increases : VND28,475,899,733 (370%

- Reasons : Cost of goods sold increased equivalently to rise of gross sale

3. Decrease of gross profit from merchandises and services

- QIII/2012 : VND1,067,915,973

- QIII/2011 : VND2,969,325,011

- Decreased : VND1,901,409,038 (64%)

- Reasons : Gross sale from services in QIII/2012 decreased significantly

4. Increase of financial expense

- QIII/2012 : VND358,858,904

- QIII/2011 : VND5,734,319

- Decreased : VND352,851,585 (6.150%)

- Reasons : Payment of financial expense

5. Decrease of other profit

- QIII/2012 : VND9,429,054

- QIII/2011 : VND183,280,000

- Decreased : VND173,850,946 (90%)

- Reasons : In QIII/2012, there was not other income as in QIII/2011

6. Decrease of profit after tax

- QIII/2012 : VND765,371,897

- QIII/2011 : VND987,324,921

- Decreased : VND221,953,024 (22.5%)