HLA: Business restul in Q4/2008
Asia Huu Lien Joint Stock Company (ASIAHULI JS CO) has explained business restul in Q4/2008 as follows:
Unit: million dongs
QIII/2008
QIV/2008
Year 2008
QIII/QIV
Net sales
475.751
472.879
1.859.032
-1%
Profit before tax
25.283
(10.730)
55.768
-43%
Profit after tax
17.559
(11.850)
37.022
-67%
- Reasons:
+ Rapid decrease of steel price:
+ In October 2008, steel price in the world reduced rapidly. The average decreasing level was 38%.
+ Local steel price tumbled significantly. In order to decrease inventories, the company had to reduce its price.
- Deducting for the provision of inventory devaluation at the time of 31/12/2008
hastc
> MHC: Extension of transference contract (23/02/2009)
> TSC: Transaction of affiliated person (Mr. Pham Van Manh) (23/02/2009)
> TMS: Transaction of Inside Shareholder (Thien Hai Trading and Service Co Ltd) (23/02/2009)
> SSI: Result of buying back stock (23/02/2009)
> CAN: Transaction of inside shareholder (Mr. Nguyen Trung Hai) (23/02/2009)
> AGF: Trading Result (Mrs. Trieu Thi Tuoi) (23/02/2009)
> VNS: Result of Buying Back Stock (23/02/2009)
> DHA: Business result in Q4/2008 (23/02/2009)
> MPC: Refunded deposit of more than USD4 million (23/02/2009)
> DMC: Relocation of branch (23/02/2009)
