KSA: Explanation for business result in Q1/2012

Binh Thuan Hamico Mineral Joint Stock Company explained the fluctuation in consolidated revenue and profit between Quarter 1/2012 and Quarter 1/2011:

By: million dongs

	Quarter 1/2012	Quarter 1/2011	Difference
			Amount	Ratio
Net revenue	7,568	45,934	-38,366	-83.57%
Profit after tax	3,470	7,759	-4,289	-55.26%

KSA’s net revenue in Quarter 1/2012 was VND7,568 million decreasing 83.57% from the same period of last year. KSA’s profit after tax was VND3,470 billion decreasing 55.26% because of the following reasons:

The export of leveling sand to foreign markets has been temporarily suspended under the Government’s regulation. The exploitation of leveling sand has not been implemented well because major construction projects have been delayed.

The stock issue plan to raise funds and finance projects in Binh Thuan, Cambodia and Tay Nguyen has not been executed because the securities market has been unfavorable.

HOSE

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