CMV: Explanation for business result in Quarter 2/2010
CaMau Trading Joint Stock Company explained increase in revenue and profit between Quarter 2/2010 and Quarter 2/2009:
According to financial report (Not audited and not consolidated), revenue in Quarter 2/2010 increased by 127.17% compared with Quarter 2/2009 because of the following reasons:
* Selling price of goods increased.
* Market share in Ca Mau province was expanded.
Profit in Quarter 2/2010 was 130.20% higher than in Quarter 2/2009 because of the following reasons:
* Revenue increased.
* Provision for inventories and bad debts were reversed.
hose
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