Wednesday, 16/01/2013 16:35

HLG: Explanation for business result in Q4/2012

Hoang Long Group explained the difference in business results between Quarter 4/2012 and Quarter 4/2011:

-         Profit after tax in Quarter 4/2011: VND3,152,953,547

-         Profit after tax in Quarter 4/2012: -VND12,194,737,723

Profit after tax in Quarter 4/2012 decreased by VND15,347,691,270 compared to Quarter 4/2011 because bank interest rates was high and price of materials rose strongly leading cost of goods sold increased.

HOSE

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