LGC: Explanation for business result in Q1/2009

LuGia Mechanical Electric Joint Stock Company (LGC: LUGIACO) has explained business result in Q1/09 as follows:

* Steel price in Q1/09 decreased in comparison with that in Q4/08.

* In Q4/2008, the company has added to corporate income tax from land transference at Tan Binh Industrial Zone.

These reasons lead increase of profit after tax in Q1/09 compared to that in Q4/08.

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