HLA: Explanation for business result in the first 6 months of fiscal year 2012
Huu Lien Asia Corporation explained the fluctuation in Loss after tax in the first 6 months of fiscal year 2012:
Reason: Price of material for steel from November 2011 to February 2012 went down. The company actively sold its products in inventory to minimize risks to profitability. Therefore, gross profit/net revenue of the first 6 months of fiscal year 2012 was 5% while gross profit/net revenue of 2011 was 9%.Loss as its gross profit could not offset financial costs; selling expenses; administrative and other expenses in the period.
Reason:
HOSE
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