The first three months of 2009, with pre-tax profit of 19.9 billion, Tan Tien Plastics Packaging Joint Stock company (TTP) has completed over 33% of the plan (60 billion). Compared with the same period last year, operating results increased 10.9 billion, an increase of 99%. The profit increase in the months of the year came from sales increases with reduced input costs as the company reserves and use of appropriate materials. Compare with the same period in 2008, net revenue from sales and services of the company increased by 23.3 billion (11.4%). However, the cost of goods sold increased by only 13.6 billion as gross profit increased buy 9.7 billion to 25.1 billion dong. Revenue of financial activities also increased 10 times from 278 million to 2.3 billion copper (interest on deposits and loans increased from 258 million to 2.3 billion from paragraph short term bank deposits worth 178 billion). Meanwhile, the cost of sales and financial expenses decreased 30 and 76% respectively compared to the previous year. This has made pre-tax profits of 9 billion to 19.9 billion.In 2009, crude oil prices remain stable at relatively low levels (ranging from 40 to 55 USD/rope). Along with that, the input material prices have fallen sharply (down about 50 percent from their peak in mid-2008) due to the price index of goods fell along wit world b.q. happenings of the global financial crisis, drag input costs and cost of goods of the company. Accordingly, gross profit spike TTP compared with the same period last year.In the first six months of 2010, the turnover of TTP reached 604 billion and completed 48, 3% of the plan. In addition, pre-tax profit reached 44.47 billion, accounting for 52.32% of the plan because raw material prices are relatively stable. Compared with the same period of the previous year, the company had inventory of raw materials cheaply. 2011 was a difficult year in the performance indicators of profitablity despite the Board of Directors and the Executive Board of the company has been actively giving out the development policy decisions, but the company only achieve the target of 1578 dales reached 116.89 billion compared to plan and increased 17.59% compare with that of 2009, profit before tax was 75.873 billion reached 84.3% compared to the proposed plan.
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