REE: Business result in May 2008

Refrigeration Electrical Engineering Corporation (REE) has informed of REE Group’s business result in May 2008 as follows:

Net revenue of the group was 108.81 billion dongs and profit before tax was -20.01 billion dongs.

REE Group continued distributing 50 billion dongs to the financial reserve.  

The accumulation of net revenue in the first five months of 2008 was 547.41 billion dongs gaining 149.02% in the comparison with the same period last year and 49.76% of 1,100 billion dongs of the plan 2008. However, the accumulation of profit before tax was -127.48 billion dongs.

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