GMC: Explanation for business result in Q1/08

Saigon Garment Manufacturing Trade Joint Stock Company (GARMEX) has explained of business result in Q1/08 as follows:

Total revenue in Q1/08 was VND5,239,595,625, in which VND1,934,433,660 was from:

Selling shares of District 8 Import Export Production and Trade Joint Stock Company: VND1,233,820,000

Fixed assets at 107 Tran Hung Dao: VND700,613,660

In Oct 2007, the company invested 2 computer embroidery machines instead of using outsource. This led to increase of capacity and saved VND300,000,000.

Applying lean line to production.

HoSE

>   FPT: Share issuance to employees (26/05/2008)

>   BBC: Trading result of an affiliated company (26/05/2008)

>   ALT: The record date for dividend payment (26/05/2008)

>   TMS: Insider Trading (26/05/2008)

>   AGF: Explanation for business result in Q1/08 (26/05/2008)

>   SBT: Change of the company name & Director General (26/05/2008)

>   HAS: Result of buying back stock (26/05/2008)

>   ALT: Buy back stock (26/05/2008)

>   PAC: Investment on the plant (26/05/2008)

>   LGC starts construction work on Lugia-Plaza (26/05/2008)