Tuesday, 10/08/2010 11:31

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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