KSS: Explanation for business result in Q2.2013 (consolidated & parent company)

Na Ri Hamico Mineral Joint Stock Company explained the fluctuation in business result of consolidated & parent company in Quarter 2/2013:

-         Revenue of parent company in Quarter 2/2013 decreased VND19.2billion or 12.78% compared to in Quarter 2/2012.

-         Consolidated revenue in Quarter 2/2013 decreased VND15.1 billion or 10.23% compared to in Quarter 2/2012.

-         Cost of goods sold of parent company in Quarter 2/2013 decreased VND25.7 billion or 20.85% compared to in Quarter 2/2012.

-         Consolidated cost of goods sold in Quarter 2/2013 decreased VND25.7 billion or 20.63% compared to in Quarter 2/2012.

-         Profit after tax of parent company in Quarter 2/2013 was VND1.3 billion while  in Quarter 2/2012 was VND6.8 billion.

-         Consolidated profit after tax of parent company in Quarter 2/2013 was VND3.3 billion while  in Quarter 2/2012 was VND11.6 billion.

-         Reason:

+         The company decreased input expense and materials mainly explicated from mines of the firm, leading cost of goods sold decreased. Therefore, profit after tax increased strongly.

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