NKG: Explanation for business result in Q1/2011

Nam Kim Steel Joint Stock Company (HOSE: NKG) has explained business result in Q1/2011 as follows:

Pre-tax profit in Q2/2009: VND24.6 billion

Profit after tax in quarter 1.2011: VND58,307,518,023, increasing VND14,861,482,132 (34.2%) compared the same last year.

Reasons:

The steel market in quarter 1.2011 conveniences, the company sold goods in stock to the low cost.

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