VHC: Explanation for business result in QIII/2011
VHC: Explanation for business result in QIII/2011
Vinh Hoan Corporation (HOSE: VHC) explained the fluctuation in business result between QIII/2011 and QIII/2010:
By: VND
Item |
QIII/2011 |
QIII/2010 |
Difference |
Net revenue |
926,086,817,660 |
680,261,253,320 |
+36.14% |
Profit after tax of the parent company |
77,562,007,463 |
58,193,049,241 |
+33.28% |
• The Company’s profit after tax in QIII/2011 increased because:
• Revenue in QIII/2011 rose 36.14% from QIII/2010
• The Company produced products from materials bred by it, so material cost is lower than market price. This raised profit in the period.
HOSE