Tuesday, 18/10/2011 17:27

LCD: Business operating explanation

According to the Financial Statement Quarter III/2011, profit after tax decreased by 22.16 % compared to Quarter III/2010. LILAMA - Electromechanics Testing JSC (HNX: LCD) explained the decrease in operating result in QIII/ 2011 as follows:

Due to inflation, many expenses of the Company increased highly in Quarter III/2011 which made cost price of buildings as well as administrative and general expenses increase. Therefore, profit after tax decreased year on year.

HNX

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