CDC: Explanation for business results in Q1/2012

Chuong Duong Corporation has announced explanation for business result (parent company) in quarter 1/2012 as follows:

-         Profit before tax in Quarter 1/2012 of parent company was 4,997 billion dongs decreasing 63% compared to the same period of last year.

-         Consolidated profit before tax in Quarter 1/2012 was 4,474 billion dongs decreasing 55% compared to the same period of last year. Mainly because: 

-         Revenue in Quarter 1/2012 of parent company was 39,545 billion dongs decreasing 56% compared to Quarter 1/2011.

-         Consolidated revenue in Quarter 1/2012 was 43,368 billion dongs decreasing 57% compared to Quarter 1/2011.

-         Besides, interest rate expense in quarter 1/2012 increased 183% compared to the same period of last year.

HOSE

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