TRC: Explanation for profit in Q4/2011
Tay Ninh Rubber Joint Stock Company explained the fluctuation in business result in Quarter 4/2011 compared to Quarter 4/2010:
- Profit before tax in Quarter 4/2011: VND157,544,326,602
- Profit before tax in Quarter 4/2010: VND131,892,331,872
- Increase from Quarter 4/2010: VND25,651,994,730
- Increase percentage: 19.4%
Reason: The average selling price of rubber in Quarter 4.2011 was 10.8% higher than in Quarter 4.2010 (the average price in Quarter 4/2011 was VND79,164,527/ton, and in in Quarter 4/2010 it was VND71,477,761/ton).
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