KSS: Explanation for business result in Q4.2011
Na Ri Hamico Mineral Joint Stock Company explained the fluctuation in business result between Quarter 4/2011 and Quarter 4/2010:
Total revenue in Quarter 4/2011 decreased VND138 billion (or 67.8%) from the same period of 2010 and Profit after tax decreased VND17 billion because ore sales was lower than Quarter 4/2010. Besides, the company extended the investment in mining but capacity was lower than the period of last year. Fixed and input expense increased compared to Quarter 4/2010 leading to loss in Quarter 4/2011.
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