KMR: Explanation for business result in Quarter 4/2010
Mirae Joint Stock Company (HOSE: KMR) explained the difference in profit after tax in Quarter 4/2010 and Quarter 4/2009:
Profit after tax in Quarter 4/2010 was VND34,345,927,815, increasing 110% from the same period of 2009 because net revenue from sales and services was VND129,422,467,678, an increase of 60% compared to Quarter 4/2009. Plan of developing the machinery manufacture helped revenue from selling machinery and equipment account for 48% of total revenue; and selling machinery and equipment brings a high ratio of profit to revenue, so profit from business operations increased significantly compared to profit in Quarter 4/2009.
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