DDM: Business result in Q4/2008

Dong Do Marine Joint Stock Company (Dong Do Marine) has explained business result in Q4/2008 as follows:

Profit before tax in Q4/2008 was VND(-38,235,865,013) due to the following reasons:

* In Q4/2008, the tankers as Dong Ho and Dong Phong were in maintaining period thus, expenses increased and there was no revenue from renting tankers.

* Financial expenses increase VND40,051 million due to increase of liquid loan interest as VND1,513 million and loss of difference of exchange rate as VND38,538 million at the time of 31st December 2008.

However, main source of revenue is from renting vessels and the company receives in USD. Thus, actually, difference of exchange rate did not affect much the source of principal and interest payments.

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