TSC: Explanation for business result in Quarter 1.2012

Techno - Agricultural Supplying Joint Stock Company has explained the fluctuation in business result between Quarter 1.2012 and Quarter 1.2011:

According to the financial statements of Quarter 1.2012, TSC’s net revenue was VND687,645,426,238 and increased 41% from the same period of last year. However, about business result, in Quarter 1.2012 the company lost VND24.95 billion. Mainly reason: in Quarter 1.2012, prices of fertilizer decreased in the domestic market, financial expense went up highly (financial expense in Quarter 1.2012 increased 67.5% compared to the same period of last year).

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