DLR: Explanation for change of over 10 percent in operating result QIV.2011

According to the Financial Statement Quarter IV/2011 (holding company), profit after tax of Quarter IV/2011 decreased more than 10% year on year.  Dalat Real Estate JSC explained the decrease in operating result in Quarter IV/2011 as follows:

- Profit after tax is VND 6,466,014,970 with a decrease of VND 1,558,054,231 (19.42%) compared to QIV.2010 (VND 8.024.069.201) because revenue in QIV.2011 decreased more than 50% year on year

- General and administration expenses increased because the salary of the Management team and the expenses of fixed assets’ depreciation increased.

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