HCT: QII/2011 Operation results explanation

According to the Financial Statement Quarter II/2011, profit after tax is VND 589,637,302. Hai Phong Cement Transport & Trading JSC (HNX: HCT) explained the decrease in operating result in QII/ 2011 as follows:

The main reason for the decrease is that other profit in Quarter II/2011 was VND (388,941) meanwhile it was VND 614,455,648 in Quarter II/2010 which made by liquidation of barge.

The Company also explained reason for delay in information disclosure: Because Vietnam Cement Industry Corporation changed its operating model to One Member Company Limited, Hai Phong Cement Transport & Trading JSC had to focus on taking stock of assets, auditing and making Consolidated Financial Statement.

HNX

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