NTP: Explanation for the change of over 5% in operating income in QIV- 2008
On 21/01/2009, Tien Phong Plastic JSC explained the fact that the income of Q4-2008 decreased over 5% than Q3-2008 as follows:
1. On 02/11/2008, Company decided to decrease the price of goods by 10%.
2. The interest for distributors has been increased.
3. The wage expenses in Q4-2008 was VND 8,790,914,427 higher than Q3-2008.
4. Financial expenses in Q4-2008 was VND 2,329,400,223 higher than Q3-2008.
5. The price of goods went down while the cost of goods sold went up, which made the profit went down.
6. Other factors decreased the by VND 253,080,593.
HaSTC
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