DCL: Explanation for business result in QII/2011
Cuu Long Pharmaceutical JSC (HOSE: DCL) (Pharimexco) explained the fluctuation in consolidated profit in Quarter II/2011 compared to Quarter II/2010 as follows:
• Consolidated profit after tax in Quarter II/2011: VND11,745,881,746
• Consolidated profit after tax in Quarter II/2010: VND13,670,793,964
The consolidated profit after tax in Quarter II/2011 decreased by VND1,924,912,218 (Equivalent to 14%) compared to the consolidated profit after tax in Quarter II/2010 because the local economy has fluctuated and made interest rates, exchange rates rise, which have increased the Corporation’s input expenses.
HOSE
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