Tuesday, 22/05/2012 15:43

HLG: Explanation for business result in Q1/2012

Hoang Long Group explained the difference in business results between Quarter 1/2012 and Quarter 1/2011:

-         Profit after tax in Quarter 1/2011: VND20,392,217,901

-         Profit after tax in Quarter 1/2012: VND9,833,537,470

-         Profit after tax in Quarter 1/2012 decreased by VND10,558,680,431 compared to Quarter 1/2011 because bank interest rates was high and price of materials rose strongly leading cost of goods sold increased. Besides, world economic difficulties effecting seafood exports.

 

HOSE

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