HAG: Explanation for business result in Q1/09

HAGL Joint Stock Company (HAG: HAGL) has explained business result in Q1/09 as follows:

* Profit before tax in Q1/09: VND359.380.461

* Profit before tax in Q4/08: VND62.458.539

Profit in Q1/09 increased 5.7 times in comparison with that in Q4/08.

Reasons: In Q1/09, the company sold apartments belonging to the first stage of the two projects as Hoang Anh River View and Phu Hoang Anh. After 2 months from the launching date of 15/02/2009, the company bought 65% of total apartments (576 apartments) of Hoang Anh River View and 60% of total apartments (802 apartments) of Phu Hoang Anh. Sales of selling apartments in Q1/09 gained VND683.3 billion, increasing 2.3 times in comparison with sales of VND289 billion in Q4/08.

hose

>   HLA: Annual shareholders’ meeting (08/05/2009)

>   PPC: Release restriction of share transference (08/05/2009)

>   Information on Auction Registration of SSE (08/05/2009)

>   VSH: Trading Result of Major Shareholder (08/05/2009)

>   TSC: Trading Result (08/05/2009)

>   PRUBF1: NAV from 23 Apr 2009 to 30 Apr 2009 (08/05/2009)

>   SMC: Trading Result (08/05/2009)

>   PPC: Transaction of inside shareholder (08/05/2009)

>   SFI: Transaction of inside shareholder (08/05/2009)

>   LSS: Trading Result (08/05/2009)