Saturday, 15/08/2009 16:56

KSH: Explanation for business results in Quarter 2/2009

Ha Nam Mineral Joint Stock Company (HAMICO) explained the increase in profit between Quarter 2/2009 and Quarter 1/2009:

No.

Item

Quarter 01/09

Quarter 02/09

1

Sales

12,059,599,130

11,389,702,623

2

Other incomes

0

6,657,864,275

3

Income from financial activities

3,254,830

2,205,055

4

Total expenses

9,230,635,278

11,812,114,470

5

Profit before tax

2,832,218,682

6,237,657,483

6

Profit after tax

2,474,578,309

5,452,602,405

Profit from business operations in Quarter 2/2009 decreased in comparison with Quarter 1/2009 because sales in Quarter 2/2009 was down while expenses were fairly stable.

Other profits increased because the company sold some machines in Quarter 2/2009.   

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