ANV: Explanation for business result in Q1/08

NamViet Corporation (NaViCo) has explained of business result in Q1/08 as follows:

Revenue in Q1/08 increased 8.04% compared to Q4/07:

A 33% increase of sales of frozen fish

Profit in Q1/08 decreased 26.85% compared to Q4/07:

Increase of bank interest led to an 846.78% increase of interest expense compared to that in Q4/07.

Exchange rate of VND/USD decreased significantly.

Inputting expenses rose rapidly due to inflation.

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