STP: QII/2011 Operation explanation

According to the Financial Statement QII/2011 (Consolidated) of Song Da Industry Trade JSC (HNX: STP), Profit before tax is VND 12,077,934,581 with a decrease of VND 7,654,629,153 compared to QII/2010

Song Da Industry Trade JSC explained the decrease in operating result in QII/2011 as follows:

- In 2010, the company enjoyed tax preference. In 2011, the company no longer enjoy tax preference

- In 2010, Profit from Short-term investments is VND8,518,755,157. In 2011, the securities market decreased sharply, Allowance for short-term securities investment is VND4,292,186,040 and loss from securities investment is VND 700,117,077

- Stone Quarrying Project in Luong Son is in the investment period, and has not yielded Profit yet.

HNX

>   RHC: QII/2011 Operation explanation (12/08/2011)

>   VNF: QII/2011 Operation explanation (12/08/2011)

>   TNA: QII/2011 Operation explaination (Parent company) (11/08/2011)

>   TNA: QII/2011 Operation explaination (Consolidated FS) (11/08/2011)

>   SCD: QII/2011 Operation explaination (11/08/2011)

>   PTC: QII/2011 Operation explaination (12/08/2011)

>   ICF: Explanation for business result in QII/2011 (12/08/2011)

>   SEC: QII/2011 Operation explanation (12/08/2011)

>   EID: Board Resolution (10/08/2011)

>   S99: QII/2011 Operating explaination (10/08/2011)