Monday, 02/08/2010 16:15

TRC: Explanation for business result in Q2/2010

Tay Ninh Rubber Joint Stock Company has explained business result in Q2/2010 as follows:

* Profit in Q2/2009: VND18,801,734,768

* Profit in Q2/2010 (before tax): VND64,169,919,090

* Increasing compared to Q2/2009: VND45,368,184,322 or 241%

Reasons:

* Selling price in Q2/2010 increased 101% compared to Q2/2009

* Financial income in Q2/2010 rose 611%, in which difference of exchange rate earned from sales of selling products increased more than VND9 billion.

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