KDC: Explanation for business result in Q4/2010

Kinh Do Corporation (HOSE: KDC) explained the consolidated income report in Quarter 4/2010 as follows:

* Revenue in Quarter 4/2010: VND 598,728,537,164

* Revenue in Quarter 4/2009: VND 454,472,719,499

* Increase in revenue: VND 144,255,817,665

* Profit before tax in Quarter 4/2010: VND 113,136,392,539

* Profit before tax in Quarter 3/009: VND 67,049,905,328

* Increase in Profit before tax: VND 46,086,487,211

Reason:

Revenue and profit in Quarter 4/2010 were higher than in Quarter 4/2009 because the Company’s products have seasonality. Lunar New Year is the biggest season in a year, and the 2010 Lunar New Year came sooner than the previous year, so revenue in Quarter 4/2010 was higher than the same period of 2009.  

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>   MPC: Extension of the submission date of Q4/2010 financial statements (02/03/2011)

>   TRI: TRI late in submitting Q4/2010 financial statements (02/03/2011)

>   KMR: KMR late in submitting Q4/2010 financial statements (02/03/2011)

>   PHS: Closed a trading office (02/03/2011)

>   PNJ: Revenue & profit in Jan 2011 (02/03/2011)

>   FDC: Extension of the submission date of Q4/2010 financial statements (02/03/2011)

>   CMV: Extension of the submission date of Q4/2010 financial statements (02/03/2011)

>   PRUBF1: NAV from 17 Feb 2011 to 24 Feb 2011 (02/03/2011)

>   KSB: Extension of the submission date for Q4/2010 financial statements (01/03/2011)

>   VFMVF1: NAV from 17 Feb 2011 to 24 Feb 2011 (01/03/2011)