PTC: Explanation for business result in QII.2011

Post and Telecommunications Investment and Construction JSC (HOSE: PTC) has explained reasons causing an decrease of VND3,203 million in profit after tax of Quarter II/2011 compared to profit after tax of Quarter II/2010:

Because of difficulties from Quarter I/2011 and narrowing production in Telecommunication Material I Factory, the Company has not gained revenue while there have not been other new resources. Besides, the Company still has to set up depreciations for assembly line (Production of copper cables and plastic pipes)

The increase in expenses was more than the increase in revenue, especially bank interest rates from early January 2011. This affected the Company’s profit in Quarter II/2011.

HOSE

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