HSI: Explanation for QIV/2009 business result
General Materials Biochemistry Fertilizer Joint Stock Company (MF JSC) explained:
* Total profit after tax in Quarter IV/2009: VND 8,648,096,108
* Total profit after tax in Quarter III/2009: VND 1,823,141,055
Profit in Quarter IV increased by 376.3% from Quarter 3/2009.
Reason: Thanks to main crop (Winter-spring crop), stability of price and effective sales program, MF JSC’s quantity sold in Quarter IV was more than in Quarter III/2009.
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