DHI: Explanation for change of over 10% in operating result in QIV.2011 compared to QIV.2010
Dien Hong Printing JSC explained change of over 10% in operating result in QIV.2011 compared to QIV.2010 as follows:
The Company has prepared for moving its head quarter from 187B-Giang Vo-Hanoi to Quoc Oai industrial park – Ha Noi. Thus, many workers quitted their jobs, which made printing output decrease. Revenue of the Company gained 61.77% compared to QIV.2010 as fixed expenses didn’t decrease so operating result of the Company in 2011 was negative.
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