Ho Chi Minh City Metal Corporation explained the fluctuation in business result between Quarter 3/2012 and Quarter 3/2011:
- Profit before tax in Quarter 3/2011: 15,153,335,831 dongs
- Profit before tax in Quarter 3/2012: 6,005,201,135 dongs
- Decreased: 60% compared to quarter 3/2011 because:
+ The steel markets were overcast in the world and in Vietnam. Steel selling price decreased in quarter 3.2012. The company pushed sales and its revenue. Besides, the company saved expenses but profit before tax in quarter 3.2012 was still lower than quarter 3.2011.