HHG: Explanation for negative profit in 2011

Hoang Ha JSC  (HNX: HHG) announced the Explanation for negative profit in 2011 as follows:

- In 2011, operations of Hoang Ha JSC met many difficulties due to increase input materials and borrowing interest.

- In 2009, 2010 and 2011, Hoang Ha JSC contributed VND 11,585,020,039 into Hong Van Joint Stock Company, Diem Thuy zone, Cam Binh ward, Cam Pha county town, Quang Ninh province to build Cam Pha bus station. Besides, Hoang Ha JSC invested VND 133.2 billion to build car station at 368, Ly Bon Street, Tien Phong ward, Thai Binh city, Thai Binh province. However, the two stations has just put in use, their revenue was still low.

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