TIE: Explanation for business result in Q1/2011

Telecommunications – Industry – Electronics Joint Stock Company (HOSE: TIE) explained the fluctuation in the profit after tax between Quarter 1/2011 and Quarter 1/2011:                                                                                                Unit: VND

Profit after tax in Quarter 1/2011 was VND7,391,669,809, decreased by VND3,797,655,846 (or 33.94%) from Quarter 1/2010 because:

- Other incomes decreased 70.48% because in quarter 1/2010 has received VND10 billion from the support clearance.

- Revenues decreased 5.98% because the average price selling of the computer screen down from VND2,450,000 in quarter 1.2010 to VND2,295,000 in quarter 1.2011.

- In Quarter 3/2010 the Company had not to pay the corporate income tax.

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