Friday, 11/02/2011 17:40

EFI: Explanation for the change of over 5% in operating result in QIV- 2010

According to the Financial Statement Quarter IV/2010, net income increase compared to Quarter IV/2009. Education Financial Investment Joint Stock Company (HNX: EFI) explained the increase in operating result in QIV/ 2010 as follows:

- Revenue of Quarter IV/2010 increased compared to Quarter IV/2009 due to the idle proceeds from the charter capital increase has brought about revenue from financial activities.

- Expenses of Quarter IV/2010 increased compared to Quarter IV/2009 due to the rise in input expenses: Office leasing expense, labor expense, material expenses. However, the increase percentage of expenses still lower than that of revenue. Therefore, profit of Quarter IV/2010 has increased compared to that of Quarter IV/2009.

hnx

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