HSI: Explanation for business result in Q4.2011
General Materials Biochemistry Fertilizer Joint Stock Company explained the fluctuation in profit and lost between Quarter 4/2011 and Quarter 4/2010:
- Profit after tax in Quarter 4/2010: VND5,874,383,295
- Profit after tax in Quarter 4/2011: VND2,658,015,648
Therefore, profit after tax in Quarter 4/2011 decreased VND3,216,367,647 because:
- In Quarter 4/2011, a return of sold goods worth VND10,491,060,152 arose and decreased HIS’s net revenue.
- In Quarter 4/2011, the Mekong River Delta was heavily flooded, and this affected the winter-spring harvest late from 1.5 to 2 months. Therefore, sales of fertilizer in Quarter 4/2011 went down.
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