VCF: Explanation for business result in QII-2011
According to the financial statements in QII-2011, profit of Vinacafé Biên Hoa JSC (HOSE: VCF) increased 17.85% from QII-2010 because the following reasons:
1. Profit from operating activities increased because:
- Selling prices in QII-2011 rose from the same period of last year:
+ Price of coffee rose 31%
+ Price of grain rose 23%
- The Company had a plan to buy material for provision at a good price because it forecasted well about the increase in material price
2. Profit from financial activities increased because of the increases in interest rates and turnover of bank deposit.
HOSE
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