QHD: Explanation for the change of over 5% in operating result in QIII/2010

According to the Financial Statement Quarter III/2010, net income decreased  compared to Quarter III/2009. Viet - Duc Welding Electrode Joint Stock Company explained the decrease in operating result in QIII/ 2010 as follows:

- In Quarter III/2010, ship building industry came to a standstill, therefore, the sales of the main product of QHD has been lessened, revenue and profit of the company consequently decreased.

- Due to high competition, cost of goods sold to market wide users increased, business efficiency therefore is stagnant.

hnx

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