NTP: Explanation for the change of over 5% in operating result in QI- 2009
According to the Financial Statement Quarter I/2009, net income is VND 62,175,908,088 with an increase of VND 51,799,587,468 (599.2%) compared to Quarter IV/2009. Tien Phong Plastic JSC explained the increase in operating result in QI/ 2009 as follows:
- Revenue increased which made profit increase by VND 2,351,463,157
- Price of main material went down, which made profit in Q1 increase by VND 33,933,825,775
- Salary expenses in QIV/2008 increased compared to QI/2009 : VND 10,791,975,770
- Interest supporting policy and the decrease of inventory made financial expense decrease, which made profit increased by VND 3,734,758,214
- Other reasons made profit increase by VND 987,564,552
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