Friday, 05/06/2009 08:28

HT1: Explanation for business result in Q1/2009

Ha Tien 1 Cement Joint Stock Company has explained business result in Q1/2009 as follows:

                                                          Unit: VND 

Items

Q1/2009

Q4/2008

Difference

% Difference

Net sales

561,921,954,788

756,596,808,143

(194,674,853,355)

 (26%)

COGS

472,774,689,036

635,317,550,641

(162,542,861,605)

 (26%)

Gross profit

89,147,265,752

121,279,257,502

(32,131,991,750)

(26%)

Profit before tax

18,187,204,216

50,469,816,771

(32,282,612,555)

(64%)

Profit before tax in Q1/09 decreased 64% in comparison with that in Q4/08 because there was Tet holiday in quarter 1. Therefore, it affected consumption of products of the company.

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