MCG: Explanation for business result in Quarter 1/2011

Vietnam Mechanization Electrification & Construction Joint Stock Company (HOSE: MCG) explained the fluctuation in business result in Quarter 1/2011 and Quarter 1/2010:

Profit after tax in Quarter 1/2011 was VND18.281 million, increasing VND5,402 million (42%) from Quarter 1/2010 because in 2010 the Company issued shares to increase its charter capital to VND546 billion. Therefore, the Company had another financial resource to expand its business operations and made profit higher than last year.

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