MCG: Explanation for business result in Quarter 4/2011

Vietnam Mechanization Electrification & Construction Joint Stock Company explained the fluctuation in business result in Quarter 4/2011 compared to Quarter 4/2010:

Vietnam Mechanization Electrification & Construction Joint Stock Company operates in the field of construction and engineering. Because of economic difficulties, the company's works were short of capital, so the works were stopped or were slackened. Therefore construction and engineering incomes in the period went down.

Cost of goods sold was up and profit was down because prices in 2011 rose and cost of materials, labor, construction machines were influenced,.

In 2011, loan interest rate increased making the financial expenses in Quarter 4/2011 higher than Quarter 4/2010

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