RAL: Explanation for difference of business result in quarter 3/2008 & quarter 2/2008
Rangdong Light Source & Vacuum Flask J.S Co. (RALACO) announced business result as follows:
No. |
Items |
Quarter 3/2008 |
Quarter 2/2008 |
Change |
% |
1 |
Net sales and service |
177,342,435,983 |
186,350,595,741 |
-9,008,159,758 |
-5.07% |
2 |
Profit after tax |
9,016,101,111 |
11,632,801,703 |
-2,616,700,592 |
-29.02% |
Profit in quarter 3/2008 decreased because:
- Sales decreased because of out-of-season consumption and drastic competitiveness of foreign products.
- Input expenses, especially material prices, increased highly.
- Loan expenses increased because bank interests were high.
HoSE
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