VTB : Explanation for business result in Q3/2008

Viettronics Tan Binh Joint Stock Company has given explanations for the business result in Quarter 3/2008 compared to Quarter 2/2008 (revenue decreased by 14.5% and profit 41.7%) as follows:

The decline in electronic and refrigeration electric appliance sales was caused by the national economic slowdown, escalating inflation and the fast-changing exchange rate which led to the reduction of purchasing power and increase in production costs. Meanwhile, operating costs remained the same as in Q2 and selling price increase failed to pare the sales slump.

Q3 Financial Income fell because the company achieved profit from its joint venture projects once a year.

HoSE

>   TAS: Relocation of transaction office (29/10/2008)

>   PNC: No change of the share issuance (29/10/2008)

>   IFS: Extension for submitting financial statement in Q3/08 (29/10/2008)

>   KMR: Extension for submitting financial statement in Q3/08 (29/10/2008)

>   TNC: Violation of insider trading (29/10/2008)

>   AGF: Extension for submitting financial statement in Q3/08 (29/10/2008)

>   DBC: Notice of record date for Dividend payment and seasoned issue (28/10/2008)

>   NTP: Result of transactions of Directors, PDMR (28/10/2008)

>   LBE: Notice of transactions of Directors, PDMR (28/10/2008)

>   CID: Notice of record date for Dividend payment (28/10/2008)