SAF: QII-2011 Operating result explanation
According to the Financial Statement QII-2011, profit after tax is VND 4,964,842,846 with an increase of VND 3,076,446,338 (61%) compared to Quarter II/2010. SAFOCO Foodstuff JSC (HNX: SAF) explained the increase in operating result in QII-2011 as follows:
- The increase of banking interest,inflation and costs of materials, fuel, power has cause the increase of product prices
- The Company had had bought materials and fuel for reserve
- The tradmark SAFOCO has gained customers’ credit, therefore, the selling of QII-2011 increased 5% in compare to QII-2010.
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