QHD: Explanation for change of over 10% in operating result in QIV.2011

Viet - Duc Welding Electrode JSC explained for change in operating result in QIV. 2011 as follows:

In spite of difficulties in QIV.2011, position of the Company’s products in civil market has been improved. The Company’s products in the market were consumed stably and increased year on year, and general expenses decreased. Besides, the Company applied some methods including saving material expenses, increasing labor productivity, decreasing administrative expenses.

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