LGL: Explanation for the business fluctuation

Long Giang Investment and Urban Development Joint-stock Company (Long Giang Land) has explained the business fluctuation between quarter 4/2009 and quarter 3/2009 as follows:

* Profit after tax in quarter 4/2009 was VND14,203,868,598 (Increasing 145% beside that in quarter 3/2009 – VND5,796,403,972).

Reasons:

* Net revenue increased 31% because constructions were implemented in the quarter such as construction at 102 Truong Chinh St., Grand Hotel, construction at 52 Linh Nam St.

* Financial incomes increased 1,401% because the accounts emerged such as VND1.3 billion profit from a project at 173 Xuan Thuy St., VND0.4 billion of the 2009 first dividend of MCG, VND8.2 billion income from selling 257,400 MCG shares.

* General and administrative expenses increased 60% because the company operated the listing of shares on HOSE.

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