VTV: Explanation for the change of over 10% in operating result in QII-2011

According to the Financial Statement Quarter II/2011, profit after tax is VND 11,722,048,951 with an increase of VND 3,685,403,029 (145.86%) compared to Quarter II/2010. VICEM Cement Materials and Transportation JSC (HNX: VTV) explained the increase in operating result in QII/ 2011 as follows:

Reasons: At the beginning of quarter II/2011, cost of coal dust increased by 40% year on year. Because the company anticipated an increase of cost of selling coal of  Vietnam Coal and Mineral Corporation (TKV) in 2011, the Company was active in reserving great inventory which contributed to save cost of goods sold.

HNX

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>   DIG: Notice of Q2.2011 financial statements submission extension (30/07/2011)