Wednesday, 13/08/2008 17:50

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.

 HoSE

 

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