ICF: Explanation for business result in Q3/2010
Investment Commerce Fisheries Corporation (INCOMFISH) (HOSE: ICF) explained the decrease in profit of Quarter 3/2010 compared with Quarter 3/2009:
• Consumption market has slowed down because the crisis has been remained in many countries, including European countries where the Company exports to and this market accounts for over 70% of the company’s export.
• Expenses increased because most of materials, fuel, wages, etc. have risen in price. Especially, price of materials has gone up sharply, about 30-40%, from the same period last year.
hose
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