Monday, 23/02/2009 17:53

VPK: Business result in Q4/2008

Vegetable Oil Packing Joint Stock Company (V.PACK Co.) has explained business result in Q4/2008 as follows:

Profit in Q4/2008 decreased in comparison with Q3/2008 due to the following reasons:

- Loan interest expenses increased 7,29% compared to in Q3/08 and increased 96,10% compared to Q4/07.

- Exchange rate of USD and VND negatively affected payment of debt.

Solution for Q1/2009: interest rate has been decreased to 4%. The company takes the advantage to minimize interest expenses.

hose

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