Basa Joint Stock Company (HOSE: BAS) explained the difference in profit and loss between Quarter IV/2010 and Quarter IV/2009:
• In Quarter IV/2010, the Company lost VND5,828,958,514 compared to Quarter IV/2009 because of the following reasons:
• In Quarter IV/2009, the Company sold some remaining assets on clearance. This brought the company other income and profit.
However, the Company had many difficulties in price competition, prices of raw fishes went up and bank loan rates also increased highly in Quarter IV/2010. These made the Company’s operation decrease.