MPC: QII/2011 business explanation
Minh Phu Seafood Group Corporation (HOSE: MPC) explained reasons causing the consolidated profit after tax in QII/2011 lower than in QII/2010:
- The inflation made the input material price increase sharply, so the operating cost went up highly
- Bank interest rates continuously rose and affected the cost of the borrowing. Therefore, the financial expense increased and the consolidated profit after tax in QII/2010 decreased 38.34% compared to the consolidated profit after tax in QII/2010.
HOSE
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