Vneconomy – DPM’s gross profit in third quarter reached nearly VND 729 billion, down by 20% compared to the same period last year (VND 907.5 billion) and net profit reached VND 568 billion, down by 31% year on year (VND 812.4 billion).
According to PVFCCo (stock code: DPM), in 2012, PVFCCo sold Ca Mau Urea products, which helped boost its revenues as compared to the same period last year. However, the input gas price of 2012 increased by 40% over previous year, resulting in the higher cost of Phu My Urea. Besides, the average selling price of third quarter 2012 decreased by 4% as compared to the third quater 2011 resulting in lower profits in the third quater.
Accumulated net revenues of 9 months of DPM reached VND 10,463 billion, up by 53% year on year (VND 6,849 billion); pre-tax profit reached VND 2,950.3 billion, up by 14.83% year on year (VND 2,569 billion); net profit reached VND 2,537 billion, up by 11% as compared to the same period last year (VND 2,291 billion).
In particular, the profit of the parent company shareholder reached VND 2,495 billion. Earnings per share (EPS) in 9 months is VND 6,607.
