HLG: HLG adjusts revenue & profit after tax targets in 2010

Hoang Long Group (HOSE: HLG) has adjusted revenue and profit after tax targets in 2010:

                                                                                               Unit: VND billion

Reason of the adjustment:

The Group continues to be affected by the economic recession and global crisis. Besides, because of the State’s financial policy, Hoang Long Group has to pay high loan interests. These make profit decrease.

hose

>   VC6: Report on use of proceeds (09/12/2010)

>   SMC: Business result in 11 months of 2010 (09/12/2010)

>   TLS: New branch in Da Nang (09/12/2010)

>   CII: Some items related to a plan of issuing convertible bonds for foreign investors (08/12/2010)

>   HPG: Information on business results in 10 months 2010 (08/12/2010)

>   MHC: Explanation for business results in quarter 3/2010 (08/12/2010)

>   MSN: Correcting balance sheet as at September 30, 2010 (08/12/2010)

>   MSN: The BOD’s resolution of borrowing a loan (08/12/2010)

>   MAFPF1: NAV from 25 Nov 2010 to 02 Dec 2010 (08/12/2010)

>   PRUBF1: NAV from 25 Nov 2010 to 02 Dec 2010 (08/12/2010)