Wednesday, 22/05/2013 11:17

CLP: Explanation for consolidated business result in Quarter 1.2013

Cuu Long Seaproducts Company explained the fluctuation in consolidated business result between Quarter 1.2013 and Quarter 1.2012:

-         Profit after tax (consolidated) in Quarter 1.2013 was less than in Quarter 1.2012 because:

+         Revenue in Quarter 1.2013 decreased 94% compared to in Quarter 1.2012.

+         Input expenses increased, shrimp material price increase making to rate of cost of goods sold on revenue increased about 10% compared to the same period of last year.

+         Shrimp was exported to Japan, which was difficult.

HOSE

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