VNM: Explanation for business result in Q1/08

Viet Nam Dairy Products Joint-Stock Company (VINAMILK) has explained of business result in Q1/08 as follows:

Total profit before tax in Q1/08 increased in comparison with Q4/07 due to the following reasons:

Gross profit increased VND38 billion due to change of sales

Profit of financial activities rose VND8.5 billion because of selling shares.

Expenses of sales and management reduced VND67 billion because of decrease of promotion and advertising programs.

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