MCP: Explanation for business result in QII.2011
My Chau Printing & Packaging Holdings Company (HOSE: MCP) explained the fluctuation in business result in Quarter II/2011 compared to Quarter II/2010:
- In Quarter II/2011, profit before tax gained 137.47% of profit before tax in Quarter II/2010 because of the following main reasons:
+ Sales in Quarter II/2011 were higher than in Quarter II/2010 because the selling prices and quantity increased
+ Production cost was down because the depreciation on a product decreased and prices of main materials did not rise thanks to inventory.
HOSE
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