TBC: Explanation for business result in Quarter 4/2011

Thac Ba Hydropower Joint Stock Company has explained the fluctuation in business result between Quarter 4/2011 and Quarter 4/2010:

• Profit after tax in Quarter 4/2010: VND12,273,007,342

• Profit after tax in Quarter 4/2011: VND3,550,916,450

Profit after tax in Quarter 4/2011 was lower than profit after tax in Quarter 4/2010 because the mobilization production of buyer party in Quarter 4/2011 was low although the level of water flowing into lake was stable, and the electricity production in 2011 was recorded in the revenue of Quarter 4/2011.

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