BCC: Explanation for the change of over 5% in operating result in QIV- 2010
According to the Financial Statement Quarter IV/2010, in spite of increasing by 1.73% in net income, by 1.8% in selling expenses and decreasing by 5.9% in ratio of cost of goods sold to revenue, net income decreased by 42.6% compared to QIII/2010 . BimSon Cement Joint Stock Company (HNX: BCC) explained the decrease in operating result in QIV/ 2010 as follows:
- Financial expenses increased by 72.1% because of interest expenses to invest in the new production line which will officially operate from 01/07/2011.
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