DRC interest 40 billion in the first quarter
First quarter, other cost of the company increased make profits after-tax down18% over the same period.
In the first quarter, sales of the DRC reached 574.6 billion,up 34% over the same period, with 26% of the plan. However, the cost of goods soldincreased 45%, accounting for 486.1 billion VND. Therefore, profit in the wholequarter reached 88.5 billion VND, down 3% over the same quarter of 2010.
In addition, the companylost more than 14.2 billion from financial activities. Over the same period, sellingcost and administrative costs increased business, respectively 54% and 30%.
In the whole quarter, profit after tax of the DRC reach 40.7billion VND, down 18% compared with quarter 1 / 2010 and completed 27% of theplan in 2011 (150 billion VND).
Unit: billion VND
Target | Quarter I | Change % | |
2011 | 2010 | ||
Net sales | 574,6 | 427,4 | 34 |
Cost of goods sold | 486,1 | 335,7 | 45 |
Gross profit | 88,5 | 91,7 | -3 |
Profit from financial contracts | -14,2 | -11,3 | 26 |
Selling expenses | 10,3 | 6,7 | 54 |
Cost Management Enterprise | 10,5 | 8,1 | 30 |
Profit after tax | 40,7 | 49,8 | -18 |
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