BTP: Explanation business result in February 2011

Ba Ria Thermal Power Joint Stock Company (HOSE: BTP) has explained business result in February 2011 as follows:

• In 2011, power trade agreement between the corporation and Ba Ria Thermal Power Joint Stock Company has expired. The pending negotiations the new electricity price from January 01, 2011.Corporation has calculated the electricity price by 90% in the old agreement, when the official electricity price will be clearing.

• In January 2011, the company has calculated the electricity price equals the price in 2010, so in February revenue has adjusted to decrease by 90% for January 2010 of agreement, further February price by 90% compared with prices in 2010 revenue decreased to reduced profit.  

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