VFG: Explanation for business result in Quarter 3/2012

Viet Nam Fumigation Joint Stock Company (VFC) has explained the business result in Quarter 3/2012 compared to Quarter 3/2011:

-         Revenue from selling in Quarter 3/2012 was VND53,584,763,867, decreasing VND80,872,250,555 over the same period of 2011 (VND134,457,014,422) because from April, 2012 parent company did not trade agricultural chemicals and plant varieties. Agricultural chemicals and plant varieties were traded by branches in Dong Thap, Soc Trang, Dong Nai, Moc Hoa.

-         The company opened branches leading to cost of goods sold in Quarter 3/2012 was less than in Quarter 3/2011. Therefore, gross profit of parent company rose 110.69%.

-         Business zoning leading selling expenses went down 56.04% thank to net profit in Quarter 3/2012 was higher than in Quarter 3/2011.

HOSE

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