TRC: Explanation for Quarter IV/2009 business result
Tay Ninh Rubber Company (TANIRUCO) explained profit increase in Quarter IV/2009:
- Profit in Quarter III/2009: VND44,572,547,053
- Profit in Quarter IV/2009: VND66,709,841,447
- Increase between the two quarters: VND22,137,294,394 (Or increasing by 150%)
Reason: Exploitation production in Quarter IV/2009 was 53 percent (Over 1,893 tons) higher than in Quarter III/2009 thanks to seasonal factor. Besides, rubber price was up at the end of the year and the rubber harvest.
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