Monday, 02/02/2009 18:39

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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