SGC: Business operational explanation

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VietStock FI English - 36 month(s) ago 4 readings

According to the Financial Statement Quarter III/2011, profit after tax increased by 650.90% compared to Quarter III/2010. Sa Giang Import Export Corporation (HNX: SGC) explained the increase as follows:

- Sa Giang 2 One member Limited (Subsidiary) has merged into Sa Giang Import Export Corporation (Holding company) caused increase of production and revenue;

- The cost of mail material – wheat powder – was lower than the same period of last year;

- The product price went up;

- In the early of 2011, the exchange rate USD/VND increased.

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