LGC: Explanation for business result in QII.2011

LuGia Mechanical Electric JSC (HOSE: LGC) (LUGIACO) explained the fluctuation in business result in Quarter II-2011 compared to Quarter II-2010 as follows:

- Revenue in Quarter II-2011 decreased 9.24% from Quarter II-2010, and profit before tax decreased 25.8% from the same period of 2010 because:

- In Quarter II-2011, Lu Gia Office Building Project was in the period of waiting for transfer, so the progress of collecting money was slow and lower than the same period of last year. Therefore, apartment revenue decreased and made profit down

- Because revenue and profit from selling apartments hold main percentages, they affected the Company’s revenue and profit when apartment revenue went down.

HOSE

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>   MAFPF1: NAV from 21 July 2011 to 28 July 2011 (04/08/2011)

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