DHM: Explanation for business result in Quarter 3/2013

Duong Hieu Trading and Mining Joint Stock Company explained the fluctuation in business result in Quarter 3/2013 compared to Quarter 3/2012 as follows:

The Company’s profit after tax in Quarter 3/2013 decreased VND6,560,220,420 compared to Quarter 3/2012 because its net sales decreased VND130,865,588,116, or 63.24%. Net sales went down because the iron and steel production plants have had a large of inventories, so the selling plan of Duong Hieu Trading and Mining Joint Stock Company in this third quarter was not executed as expected. Besides, procedures for iron ore export are waiting for approval by authorities. Therefore, sales and profit of Duong Hieu Trading and Mining Joint Stock Company in Quarter 3/2013 was lower than the same period of last year. 

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