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TAC: Explanation for business result in Q2/08
Tuong An Vegetable Oil Joint-stock Company (DAU TUONG AN) has explained business result in Q2/08 as follows:
- In Q2/08, input expenses such as materials of vegetable oil, packs……rose rapidly due to affect of increase of the world price situation and domestic inflation. In addition, foreign currency rate rose at the end of Q2/08 leading to increase of production expenses.
- Business results in Q2/08:
+ Net revenue: VND828.59 billion, equivalent to 29.47% of the year plan.
+ Profit before tax: VND17.52 billion, equivalent to 17.52% of the year plan.
- Business results in the first 6 months 2008:
+ Net revenue: VND1,684.51 billion, equivalent to 59.9% of the year plan.
+ Profit before tax: VND73.10 billion, equivalent to 73.10% of the year plan
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