NHC: Business operational explanation

According to the Financial Statement QIII/2011, profit decreased by 427.5% year on year. Nhi Hiep Brick-Tile Co-operation (HNX: NHC) explained the increase in operating result in QIII/2011 as follows:

- Because consumption of brick in market decreased and inventory of the Company was great, the Company decreased the selling price to strengthen capital turnover.

- Cost of some input materials increased

- In QIII.2010, the Company earned a profit of VND 8,625,681,910 due to transferring land in Tan Uyen.

HNX

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