DXV: Explanation for business result in Q1/08

Da Nang Construction Building Materials and Cement Joint Stock Company (COXIVA) has explained of business result in Q1/08 as follows:

Cement consumption was not high, gaining 75% compared to that in Q4/07 due to aggressive competition in the cement market.

Inventory of cement last year was bought at low price that led to decrease of production expense. In addition, the company reduced operation expenses in Q1/08.

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