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KSH: Explanation for Q3 business result
Hamico Group Mineral Joint Stock Company (KSH) explained the fluctuation in business result between Quarter III/2009 and Quarter II/2009:
Profit after tax in Quarter III was lower than in Quarter II:
Unit: VND
|
No. |
Item |
Quarter II/2009 |
Quarter III/2009 |
|
1 |
Revenue |
11,389,702,623 |
16,248,639,198 |
|
2 |
Other income |
6,657,864,275 |
220,000,000 |
|
3 |
Income from financial activities |
2,205,055 |
2,414,982 |
|
4 |
Total cost |
11,812,114,470 |
10,551,547,271 |
|
5 |
Profit before tax |
6,237,657,483 |
5,919,506,909 |
|
6 |
Profit after tax |
5,452,602,405 |
5,179,568,546 |
Revenue in Quarter III was higher than in Quarter II, but other income in quarter III decreased because:
1. Profit from business operations in Quarter III was up because sales in Quarter III increased and expenses decreased (thanks to the decrease in prices of materials).
2. Other profits: The Company sold some equipment in Quarter II, while other profits in Quarter III was not much. Therefore, the other profits in Quarter III was lower than Quarter II.
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