HOM: Change in Quarter II/2011 operating result explanation

According to Financial Statement Quarter II/2011, gross sales of merchandise and services gained more than VND 302 billion, decreased by 8.76% year on year. Profit of the Company in Quarter II/2011 reached over VND 38 billion, increased by 42.68% compared to Quarter II/2010. Hoang Mai Cement JSC (HNX: HOM) explained for change of over 10% in operating result in Quarter II/2011 as below

- Selling revenue reduced because consuming output dropped off. Consuming output of Quarter II/2011 was 397,850 ton, decreased by 1.63% compared to Quarter II/2010

- Profit increased because expenses for repairing in Quarter II/2011 decreased by 74.06% year on year. Because of expenditure of some direct materials and electrical energy, cement product also decreased 2.09%/ton.

HNX

>   DHG: Changes business targets 2011 (06/09/2011)

>   TCT: Annual General Meeting Results of Shareholders 2011 (06/09/2011)

>   DLG: Explanation for business result in QII/2011 (01/09/2011)

>   HLA: 2011’s first half Audited FS submission extension (01/09/2011)

>   DCC: Reminded to submit financial statements (01/09/2011)

>   SDU: Board Resolution (01/09/2011)

>   SNG: Board Resolution (01/09/2011)

>   CMX: 2011’s Fist half Audited FS submission extension (01/09/2011)

>   DMC: Information on the shareholders’ meeting (01/09/2011)

>   PGI: QII/2011 Business results explantaion (30/08/2011)