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HSI: Explanation for business result in Q2/2010
General Materials Biochemistry Fertilizer Joint Stock Company has explained business result in Q2/2010 as follows:
Unit:dongs
|
Items |
Q2/2009 |
Q2/2010 |
Difference |
Ratio (%) |
|
Net sales |
115,093,796,878 |
170,602,764,925 |
55,508,968,047 |
48.23 |
|
After-tax profit |
1,952,185,764 |
4,847,895,040 |
2,895,709,276 |
148.33 |
Net sales in Q2/2010 increased 48.23%, after-tax profit in Q2/2010 rose 148.33% compared to in Q2/2009 due to the following reason:
In Q2/2010, material price was stable and slightly decreased. However, in Q2/2009, material price in stock was higher and its trend declined in the market. Thus, the company had to reduce its selling price to keep the market share.
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