LBM: Explanation for business result in Q2
Lam Dong Mineral and Building Material Joint Stock Company (LBM) has explained business result in Q2/08 as follows:
Unit: VND1000
QI/2008
QII/2008
Sales
24,384,605
30,193,943
Profit before tax
4,815,688
4,185,939
Reasons:
- In 2008, the company issued shares to raise chartered capital in order to deploy projects worth 40 billion dongs. Projects in 2007 has put into operation and they has run well in Q1/08 such as projects of Thanh My brick factory, kaolin of Hiep Tien factory…..
- Bank interest and material prices increased rapidly and the company withdrewn term deposit. This made operation of the company less effective than that in Q1/08.
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