MAC: Explanation for the change in operating result in QI- 2011

According to the Financial Statement Quarter I/2011, profit before tax of the company is negative. Marine Supply and Engineering Service JSC (HNX: MAC) explained as follows:

- Expenses in QI/2011 increased 88% compare to QI/2010

- General and administration expenses in QI/2010 increased 4.7% compared to QI/2010

- The price of raw materials went up.

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