PTM: Explanation for negative profit in QIV- 2009

The Precision Tools and CNC Machine JSC explained the negative profits in QIV/ 2009 as follows:

- Due to the world’s economic crisis, major products are unable to be exported.

- Traditional products of PTM are machines and equipments, sales are mainly come from foreign partners and local ship building corporation. In the last period, these companies have also decreased investment, which affected the income in QIV/2009.

- In 2009, the company has renovated and enhanced production line of aluminium face panel in order to better serve customers’ requirements, therefore the number of outputs are unstable.

- In the coming period, the company’s production will be improved when the renovation of production line finished.

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