VRC: Resolution on Revenue & Profit 2010

Vung Tau Real Estate and Construction Joint Stock Company (HoSE: VRC)announced the resolution of the Board of Directors on estimated financial figures in the first six months of 2010:

Article 1: Approving the reviewed financial statements of the first half of 2010:

Revenue from sales and services: VND105,921 million, equal to 58.85% of the expected revenue (VND180 billion).

* Profit before tax: VND47,717 million, equal to 59.65% of the expected profit before tax (VND80 billion).

* Profit after tax: VND35,502 million, equal to 59.17% of the expected profit after tax (VND60 billion).

Article 2: Approving the report on estimated profit and loss in the last six months of 2010 and in the whole year 2010:

* Estimated business result in the last half of 2010: Revenue: VND128 billion; Profit before tax: VND49 billion; Profit after tax: VND37 billion.

* Estimated business result in 2010: Revenue: VND234 billion; Profit before tax: VND97 billion; Profit after tax: VND72 billion.

Article 3: Approving the authorization of the Director General to be the Company’s legal representative.

Article 4: This resolution took effect from September 28, 2010. 

HOSE 

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