TMC: Explanation for business result in quarter 3/2008

Thu Duc Trading and Import Export J.S Co. (TIMEXCO.) explained business result in quarter 3/2008 as follows:

                                                                            Unit: billion dongs

 - Sales decreased by 11.89% because that petrol and metal material prices increased highly made sales volume decreased.

- That Government increased retail petrol price 02 times in a quarter and sales discount of suppliers increased was a main reason to make gross profit up 21.65%.

- In quarter 4/2008, commodity prices (petrol, metal material....) are ability to drop and affect inventories. So the company set up provisions for invention devaluation (over 2 billion dongs) to decrease effects on business result in quarter 4/2008.

After 9 months, profit after tax reached 121.17% of the plan 2008.

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