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HRC: Estimated business results in Quarter III/2010
Hoa Binh Rubber Joint Stock Company (HosE: HRC) disclosed business results in the third quarter of 2010 and in the first nine months of 2010:
* Production of exploited rubber in Quarter III: Estimated 1,447 tons, accumulation after 9 months: 2,380 tons, equal to 55.9% of year plan;
* Production of purchased rubber in Quarter III: Estimated 1,114 tons, accumulation after 9 months: 1,780 tons;
* Area of re-cultivation and new planting: 506.87 hectares, equal to 100% of year plan;
* Sales volume in Quarter III: 2,455 tons, accumulation after 9 months: 4,315 tons. Average selling price of 9 months: VND59 million/ton, increasing by VND26.85 million/ton over the average price in last year.
* Total revenue in Quarter III: VND151.3 billion, accumulation after 9 months: VND282 billion (In which: sales of rubber latex: VND254.5 billion). Total revenue of nine months increased by VND54.6 billion (+27.3%) over the year plan.
* Estimated profit before tax in Quarter III: VND31 billion; Estimated profit after tax in Quarter III: VND28.7 billion. Cumulative profit before tax in 9 months was VND80 billion, and cumulative profit after tax was VND73.6 billion. Profit after tax increased by VND18 billion or 32% over the year plan and by 12.4% over the 2009 profit.
* EPS in 9 months: VND4,290.
* Inventory of rubber latex: 580 tons (September 30, 2010).
* Current FOB price of SVR CV60 at Hochiminh port: Over US$3,500/ton, SVR3L: Over US$3,400/ton.
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