NHW: Explanation for difference of profit in Q2/2010 and Q2/2009

Ngo Han Joint Stock Company has explained difference of profit in Q2/2010 and Q2/2009 as follows:

* After-tax profit in Q2/2010: VND26,655,896,348

* After-tax profit in Q2/2009: VND20,731,117,226

Reasons:

According to Circular No.03/2009/TT-BTC of the Finance Ministry dated 13th January 2009, operation of the Ngo Han Joint Stock Company is under the form of the small and medium sized enterprise; therefore, the company has got 30% deduction of current corporate income tax for the whole year 2009. Thus, tax payable in Q2/2009 was lower than that in Q2/2010. This led to increase of profit in Q2/2009 compared to in Q2/2010.

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