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Tóm tắt:
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POM’s revenue contracted by 2% YoY to VND1,624b in 2Q12 due to a 2.6% decrease in volumes. POM’s gross margin plunged from 7.3% in 2Q11, despite a 7% decline in scrap prices, because: 1) a lower factory utilisation rate raised fixed costs per unit; and 2) other input costs also increased substantially (the company did not disclose any other specific details). Furthermore, net financial income also fell by 45% YoY to VND163b. As a result, net profit for the quarter decreased by 55% YoY to VND174b.
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