KMR: Explanation for business result in Q4.2011

Mirae Joint Stock Company explained the fluctuation in business result between Quarter 4.2011 as follows:

• Revenue of Padding and Quilting in Quarter 4.2011 only was VND49,215,795,106, decreasing VND22,554,544,848 (or 31.3%) compared to Quarter 3/2011 because Quarter 4/2011 was not the product season. Padding and Quilting were the company’s mainly production to made rate of cost of goods sold on revenue increased.
• All salary in 2011, the company was keep business account on December 2011 led to cost of goods sold in Quarter 4 increased mutation.
• The company was the decrease selling prices and promotion for all production in Quarter 4.2011.
• Revenue deduction was VND1,539,910,096 to make net revenue decreased.

HOSE

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