HPG: Explanation for the business results in quarter 4/2009

Hoa Phat Group Joint Stock Company (HOA PHAT GROUP) has explained the profit after tax in quarter 4/2009 decreased 35% (equivalent to VND125 billion) beside the quarter 3/2009 because:

* Financial expenses in quarter 4/2009 increased because exchange rate and loan interest increased.

* General and administrative expenses and selling expenses increased because the company recorded the thirst-month salary and deducted warranty expenses for products in advance.

* Some imported material increased.

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