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INC: Business operational explanation
According to the Financial Statement QIII/2011, profit before tax of QIII/2011 is VND 1,003,000,770 million, with a decrease of 44,65% compared to QIII/2010 ( VND 1,812,199,398). IDICO Investment Consultant JSC (HNX: Inc) explained the decrease in operating result in QIII/2011 as follows:
- Because all Companies got difficulty in capital which led problem for settlement, revenue of QIII/2011 was VND 6, 737,214,846 with a decrease of 36.94% compared to QIII/2010 (VND 10,683,393,329)
- Cost of goods sold, general and administrative expenses, production management expenses increased year on year.
HNX
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