GBS: Explanation for the change of over 5% in operating result in QIV- 2010

According to the Financial Statement Quarter IV/2010, net income decrease 28% compared to Quarter IV/2009. Golden Bridge VietNam Securities Joint Stock Company (HNX: GBS) explained the in operating result in QIV/ 2010 as follows:

- General expenses increased 7.1% (Equivalent to VND 819 mil.) for the development and expansion of the company’s operational scale: Office leasing, employees salary..

- In Quarter IV/2010, GBS was immuned from corporate income tax.

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