AGD: Explanation for business result in Q3.2010
Godaco Seafood Joint Stock Company (HOSE: AGD) explained the over-ten-percent difference in business result between Quarter 3/2009 and Quarter 3/2010:
Profit after tax in the first nine months of 2010 was VND23.45billion (EPS Accumulation of the first 9 months VND2,931), increasing by VND12.66 billion compared with the same period last year (In the first six months of 2009, profit after tax (Not audited) was VND10.78 billion) because the following reasons:
- Gross profit increase VND26.68 billion, equivalent 47% compared with the same period last year.
- The US Dollar exchange rate against to Vietnamese Dong have an upward trend, which made income from financial activities (The difference in exchange rates) increase.
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