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LAF: Business result in Q3/08
Long An Food Processing Export Joint Stock Company (LAFOOCO) has explained business result in Q3/08 as follows:
Unit: VND
|
|
Q3/2008 |
Q2/2008 |
Difference |
|
Value |
% |
|
Net sales |
184,540,974,309 |
117,954,384,277 |
66,586,590,032 |
+56.45 |
|
Loan interest |
4,855,536,051 |
3,562,414,558 |
1,293,121,493 |
+36.30 |
|
Profit before tax |
5,309,917,057 |
7,684,969,766 |
-2,375,052,709 |
-30.90 |
- Net sales increased 56.45% but profit before tax decreased 30.9% due to the following reason:
+ The company focused on increasing capacity of production to 86 tons per day in Q3 and 100 tons per day in Q4 in order to produce enough finished products of signed contracts.
+ Exporting price of cashew nuts decreased at the end of Q3.
+ Loan interest was up to 36.3%, equivalent to VND1,293,121,493. In addition, there was increase of expenses such labor, transport, package…
HoSE
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