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VHG: Business result in Q3/08
Viet-Han Corporation has informed of business result in Q3/08 as follows:
|
VND) |
Q3/2008 |
Q2/2008 |
Difference |
Rate |
|
Net sales |
57,766,511,717 |
64,059,846,694 |
-6,293,334,977 |
-9.82% |
|
Profit after tax |
(14,923,461,963) |
1,075,292,376 |
(15,998,754,339) |
-1487.85% |
Profit in Q3 decreased due to the following reasons:
- Material prices increased highly, some main materials was up to 30%
- Capacity of equipment and machine was not exploited at maximized level
- High fluctuation of foreign exchange rate of VND/USD directly impacted on import.
However, the company gives the following solutions:
- Reserving materials when their price decrease
- Pushing consumption of products
- Implementing the project of joint venture with Korean partner to expand its market by new products and export to foreign markets.
HoSE
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