UIC: Explanation for business result in Q4/2011

Idico Urban and House Development Joint Stock Company (IDICO – UDICO) has explained the fluctuation in business result of Quarter 4/2011 compared to Quarter 4/2010:

- Profit after tax in Quarter 4/2010: VND8,487,110,680

- Profit after tax in Quarter 4/2011: VND5,903,119,321

- Difference: VND2,583,991,359

Compared to Quarter 3/2010, profit in Quarter 4/2011 decreased 30.45% because of the provision for devaluation of stocks for two long-term investments in Idico – petroleum Trading Construction Investment Joint Stock Company and Vietnam Urban and Industrial Zone – Development   Investment Corporation according to the minutes of the meeting of Board of Directors on December 29, 2011

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