Income Statement 2007 2008 2009 2010

Net sales 525,739 640,766 917,186 848,166 69,020

Cost of good sold 465,004 530,996 701,405 618,878 82,527
Gross profit 60,735 109,770 215,782 229,288 197%
Financial income 16 56 857 885 15
Financial expenses 2,058 10,603 11,615 64,864 28% ?
Selling expense 4,451 16,293 33,523 13,363 giảm do giảm chi nhánh, giảm bán hành
Administrative expense 27,899 47,476 34,978 48,891
Operating profit 26,343 35,454 136,523 103,056
Others profit/loss (net) (38) (491) (2,050) 14
Profit before taxes 26,305 34,963 134,474 103,070
Net profit 18,534 25,007 108,748 72,974

Unit: Million VND

Income Statement 2007 2008 2009 2010
Net sales 525,739 100.00% 640,766 100.00% 917,186 100.00% 848,166
Cost of good sold 465,004 88.45% 530,996 82.87% 701,405 76.47% 618,878
Gross profit 60,735 11.55% 109,770 17.13% 215,782 23.53% 229,288
Financial income 16 0.00% 56 0.01% 857 0.09% 885
Financial expenses 2,058 0.39% 10,603 1.65% 11,615 1.27% 64,864
Selling expense 4,451 0.85% 16,293 2.54% 33,523 3.65% 13,363
Administrative expense 27,899 5.31% 47,476 7.41% 34,978 3.81% 48,891
Operating profit 26,343 5.01% 35,454 5.53% 136,523 14.88% 103,056
Others profit/loss (net) (38) -0.01% (491) -0.08% (2,050) -0.22% 14
Profit before taxes 26,305 5.00% 34,963 5.46% 134,474 14.66% 103,070
Net profit 18,534 3.53% 25,007 3.90% 108,748 11.86% 72,974

Unit: Million VND

 100.00%
72.97%
27.03%
0.10%
7.65%
1.58%
5.76%
12.15%
0.00%
12.15%
8.60%

Unit: Million VND

Income Statement 2007 Million VND Percentage 2008 Million VND Percentage 2009
Net sales 525,739 115,027 21.88% 640,766 276,420 43.14% 917,186
Cost of good sold 465,004 65,992 14.19% 530,996 170,409 32.09% 701,405
Gross profit 60,735 49,035 80.74% 109,770 106,012 96.58% 215,782
Financial income 16 40 250.00% 56 801 1430.36% 857
Financial expenses 2,058 8,545 415.21% 10,603 1,012 9.54% 11,615
Selling expense 4,451 11,842 266.05% 16,293 17,230 105.75% 33,523
Administrative expense 27,899 19,577 70.17% 47,476 -12,498 -26.32% 34,978
Operating profit 26,343 9,111 34.59% 35,454 101,069 285.07% 136,523
Others profit/loss (net) (38) -453 1192.11% (491) -1,559 317.52% (2,050)
Profit before taxes 26,305 8,658 32.91% 34,963 99,511 284.62% 134,474
Net profit 18,534 6,473 34.93% 25,007 83,741 334.87% 108,748
Million VND Percentage 2010
-69,020 -8% 848,166
-82,527 -12% 618,878
13,506 6% 229,288
28 3% 885
53,249 458% 64,864
-20,160 -60% 13,363
13,913 40% 48,891
-33,467 -25% 103,056
2,064 -101% 14
-31,404 -23% 103,070
-35,774 -33% 72,974

Unit: Million VND

Income Statement 2007 2008 2009 2010 Income Statement
Net sales 525,739 640,766 917,186 848,166 Net sales
Cost of good sold 465,004 530,996 701,405 618,878 Cost of good sold
Gross profit 60,735 109,770 215,782 229,288 Gross profit
Financial income 16 56 857 885 Financial income
Financial expenses 2,058 10,603 11,615 64,864 Financial expenses
Selling expense 4,451 16,293 33,523 13,363 Selling expense
Administrative expense 27,899 47,476 34,978 48,891 Administrative expense
Operating profit 26,343 35,454 136,523 103,056 Operating profit
Others profit/loss (net) (38) (491) (2,050) 14 Others profit/loss (net)
Profit before taxes 26,305 34,963 134,474 103,070 Profit before taxes
Net profit 18,534 25,007 108,748 72,974 Net profit

Expenses Unit: Million VND

3500%
400%
3000%
350%
2500% 300%
2000% 250%

1500% 200%
150%
1000%
100%
500%
50%
0% 0%
1 2 3 4 1

Financial expenses Selling expense Administrative expense Net sales

 2007 2008 2009 2010
100% 122% 174% 161%
100% 114% 151% 133%
100% 181% 355% 378%
100% 350% 5356% 5531%
100% 515% 564% 3152%
100% 366% 753% 300%
100% 170% 125% 175%
100% 135% 518% 391%
100% 1292% 5395% -37%
100% 133% 511% 392%
100% 135% 587% 394%

Chart Title
400%
350%
300%
250%
200%
150%
100%
50%
0%
1 2 3 4

Net sales Cost of good sold Gross profit

Income Statement 2007 2008 2009 2010
Net sales 525,739 640,766 917,186 848,166 Gross profit margin
Cost of good sold 465,004 530,996 701,405 618,878 Operating profit margin
Gross profit 60,735 109,770 215,782 229,288 Pretax profit margin
Financial income 16 56 857 885 Net profit margin
Financial expenses 2,058 10,603 11,615 64,864
Selling expense 4,451 16,293 33,523 13,363
Administrative expense 27,899 47,476 34,978 48,891
Operating profit 26,343 35,454 136,523 103,056
Others profit/loss (net) (38) (491) (2,050) 14
Profit before taxes 26,305 34,963 134,474 103,070
Net profit 18,534 25,007 108,748 72,974
2007 2008 2009 2010
11.55% 17.13% 23.53% 27.03%
5.01% 5.53% 14.88% 12.15%
5.00% 5.46% 14.66% 12.15%
3.53% 3.90% 11.86% 8.60%