SD5: Explanation for the change of over 5% in operating result in QIV- 2009

According to the Financial Statement Quarter IV/2009, gross sales decreased of VND 80.9 bil compared to Quarter III/2009 but accounting profit before tax increased 203% compared to QIII/2009 (VND 11.9 bil). Song Da No. 5 JSC explained the operating result in QIV/ 2009 as follows:

- Financial income and profit from other activities of VND 2.1 bil. are unpredicted from 2009’s profit plan, including:

· Interest rate financing for investment in equipments: VND 0.1 bil

· Other financial investment: VND 1.5 bil

· Disposal of material and fixed assets: VND 0.5 bil

- Retrench of General expenses in Son La Hydroelectric Project: VND 7.6 bil

- In 2009 the company enjoyed the supported interest cost (4%) for investment in business activities under Decision 131/QD-TTg on January 23, 2009 by the Prime Minister on interest rate support for organizations and individuals for loans from banks to manufacturing business. Accordingly the company has reduced the interest cost of working capital in 2009 with the total amount is VND 2.2 billion.

hnx

>   DBC: Notice of transaction of Directors, PDMR (02/02/2010)

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