HPR: Business operational explanation

According to the Financial Statement Quarter III/2011, profit after tax of Quarter III/201 decreased by more than 10% year on year. Hong Phat Construction Investment JSC (HNX: HPR) explained the decrease in operating result in Quarter III/2011 as follows:

- The ecnomy of Vietnam is meeting difficulities. Currently, the State Bank of Vietnam is applying the monetary tightening policy to curb the inflation, especially in the field of real estate, which influenced the operation of the Company.

HNX

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