AAM: Explanation for business result in Quarter III/2010

Mekong Fisheries Joint Stock Company (HoSE: AAM) explained the difference in profit between Quarter III/2010 and Quarter III/2009:

Although the Company’s operations are still stable, profit after tax in Quarter III/2010 decreased by 43.77% compared with Quarter III/2009. The primary reason is that all input expenses in 2001 in general and Quarter III/2010 in particular have increased, especially materials, while selling prices have not increased because of severe competition. Revenue in Quarter III/2010, therefore, decreased by 20.85% over the same period last year. That made profit after tax in Quarter III/2010 was down.

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