The northern bourse-listed Hanoi Education Books Joint Stock Co (coded EBS) released the Q1 financial reports with after tax profit of 12.2 billion dong, increasing by 20 times against the same period of 2011.
In the first three months of 2012, the company’s revenue was posted at 10.8 billion dong, up 15%. The principal sales price only increased by 7 percent year-on-year, resulting in consolidated profit of 1.5 billion dong, twice as much as Q1 last year.
The financial revenue was posted at 1.7 billion dong, a year-on-year decline of 52%, but no financial costs being reported.
The management cost and sales cost surged by 32 percent and 25 percent respectively year-on-year, accounting for over 3 billion dong.
Especially, in Q1, EBS reported gaining other profit of 16.2 billion dong, raising the accumulative pre-tax profit to 16.3 billion dong. Therefore, the after tax profit increased by 20 times against the same period last year to 12.2 billion dong.