HNM: Explanation for the change of over 5% in operating result in QIII- 2008

According to the Financial Statement Quarter I/2009, net income is VND 56,947,578,944 with an increase of VND 17,978,018,369 (46.1%) compared to Quarter IV/2008. Hanoimilk JSC explained the increase in operating result in QI/ 2008 as follows:

-  In QIV 2008, Revenue of company was effected by Melamine, so the loss was VND 41 billion which included provision of nearly VND 26 billion. In QI-2009; Revenue increased, profit in QI  was VND 381,160,453

-  Besides, financial expense decreased by 27% compared QIV-2008 because company get a support of 4% interest from the Government.

hastc

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