L05: Explanation for change of over 10% in operating result in QIV.2011 compared to QIV.2010

According to Financial Statement QIV.2011, profit after tax QIV.2011 is –VND 762,537,985 with a decrease of VND 7,183,980,998 compared to QIV.2010. Lilama No.5 JSC explained decrease in operating result in QIV.2011 as follows:

- Due to economic crisis, increase in input materials, bank interest, profit of the Company decreased year on year.

- Liama soldering stick factory in Ha Tinh has just put in use so the Company couldn’t collect its revenue.

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