SAM: Business result in Q4
Cables and Telecommunications Material Joint Stock Company (SACOM) has explained business result in Q4/2008 as follows:
* In Q4/2008, sales increased VND3,088,509,108 and profit before tax reduced VND318,124,571,882 compared to that in Q3/08.
* Reasons:
- Sales in Q4/08 was pretty stable in comparision with in Q3/08.
- Profit before tax in Q4/08 lost VND161.94 billion due to the following reasons:
+ Deducting for the financial investment provision: VND205.08 billion
+ Deducting for the provision of inventory devaluation: VND5.75 billion
+ Deducting for the provision of unemployment allowance: VND2.13 billion
* In general, the companies still run well in Q4/08. However, due to economic recession, it had to deduct for the provisions that made loss of the company.
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