MCV: Explanation for business result in Q1/08

Cavico Vietnam Mining and Construction Joint Stock Company (CVCM.,JSC) has explained of business result in Q1/08 as follows:

Revenue in Q1/08: VND24,384,165,935

Revenue in Q4/08: VND61,006,978,136, decreasing 60% compared to that in Q4/07

Reasons:

Actually, revenue of the company is come from mining and basic construction thus, in Q1/08, it has started working projects. It only checks and takes over them in the next quarters. Quarter 4 is usually the time of completing projects.

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