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GMC: Explanation for business differences in quarter 3/2010
Saigon Garment Manufacturing Trade Joint Stock Company (HoSE: GMC) has explained profit before tax decreased 12,369,071,482 dongs (58.72%) in quarter 3/2010 beside quarter 3/2009 as follows:
* Profit from main business (Including gross profit, selling expenses and general and administrative expenses) decreased 900,722,730 dongs (9.88%) beside quarter 3/2009.
* Financial incomes decreased 11,763,103,302 dongs (98.52%) beside quarter 3/2009 because in 2009, GARMEX received 10 billion dongs of profit from an associated company.
* Others profit increased 294,754,550 dongs because the company liquidated old machinery out of remaining value.
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