VHC: Explanation for business result in QIII/2011
Vinh Hoan Corporation (HOSE: VHC) explained the fluctuation in business result between QIII/2011 and QIII/2010:
By: VND
Item
QIII/2011
QIII/2010
Difference
Net revenue
926,086,817,660
680,261,253,320
+36.14%
Profit after tax of the parent company
77,562,007,463
58,193,049,241
+33.28%
• The Company’s profit after tax in QIII/2011 increased because:
• Revenue in QIII/2011 rose 36.14% from QIII/2010
• The Company produced products from materials bred by it, so material cost is lower than market price. This raised profit in the period.
HOSE
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