KSH: Explanation for profit in Quarter II & III/2010
Hamico Group Mineral Joint Stock Company explained the increase in profit after tax of Quarter II/2010 compared with Quarter II/2009:
No. |
Item |
Quarter II/2010 |
Quarter II/2009 |
1 |
Revenue |
19,628,740,815 |
11,389,702,623 |
2 |
Other income |
6,330,561,637 |
6,657,864,275 |
3 |
Income from financial activities |
5,217,482 |
2,205,055 |
3 |
Total expenses |
15,710,285,774 |
11,812,114,470 |
4 |
Profit before tax |
10,254,234,160 |
6,237,657,483 |
5 |
Profit after tax |
8,972,454,890 |
5,452,602,405 |
Profit from production in Quarter II/2010 was higher than Quarter II/2009 because revenue in Quarter II/2010 increased compared with Quarter II/2009.
Other profit: in the two quarters, there were other equivalent incomes. However, total expenses in Quarter II/2010 decreased, so other profit in Quarter II/2010 was higher than Quarter II/2009.
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