vietstock.vn – DPM’s net revenue in 2012 soared to 11,730 billion dongs in comparison with 2011, but net profit slightly declined 4.35%, reaching 2,984.48 billion dongs.
PVFCCo (stock code: DPM) published its financial statements for the 4th quarter of 2012 indicating that net revenue reached 2,431.62 billion dongs, increasing 14.55% compared to the same period last year, but net profit unexpectedly declined 42.3% which is equivalent to 538.2 billion dongs.
This result exerted an influence on the whole year’s business situation of DPM, accordingly net revenue soared to 11,730 billion dongs compared to 2011, but net profit slightly declined 4.35%, reaching 2,984.48 billion dongs.
According to DPM, selling of Ca Mau Fertilizer products in 2012 has help increasing PVFCCo’s revenue in comparison with 2011. However, Phu My Fertilizer product price has increased in the 4th quarter of 2012 due to an augmentation of 40% of input gas price. Besides, the average selling price of Phu My Fertilizer product in the same period was also lower than the 4th quarter of 2011, which brought an equivalent drop in profit.
Although profit in the period saw a certain decline, but financial situation of DPM by the end of 2012 was very satisfactory. Cash and cash equivalents increased nearly 1,600 billion dongs reaching 5,210 billion dongs, in which cash made up approximately 190 billion dongs and cash equivalents over 5,020 billion dongs.
Short-term financial investments, accounts receivable and inventory significantly dropped compared to the start of the year. However, DPM’s total assets by the end of the year still had an increase of more than 1,000 billion dongs, reaching 10,233 billion dongs.
DPM’s equity reached 8,962 billion dongs, in particular the investment and development fund made up nearly 2,500 billion dongs, and undistributed profit after tax was approximately 1,950 billion dongs. There was also about 800 billion dongs remaining in the DPM’s fund of financial reserve.
Close
