POT: Business operational explanation

According to the Financial Statement QIII/2011, profit after tax of QIII/2011 changed over 10% year on year. Post and Telecommunication Equipment JSC (HNX: POT) explained the change in operating result in QIII/2011 as follows:

- In QIII.2011, the Company excuted projects in EPC way in Hanoi and Hochiminh City, in which expenses must be accounted in the period but revenue was not accounted because settlement of constructions are often carried out in QIV

- Interest expenses and price difference increased year on year

- Selling expenses and administration expenses decreased little because fixed expenses such as depreciation expenses, electricity expenses, salary did not decrease meanwhile production fell.

HNX

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