LTC: Explanation for change of over 10 percent in operating result Quarter I/2012

According to the Financial Statement Quarter I/2012, profit after tax is VND235,786,827 with an increase of more than 10% year on year (profit after tax of QI/2011 was VND44,438,866). Low Current - Telecom JSC explained the increase in operating result in Quarter I/2012 as follows:

- In 2011, Vietnam’s economy met many difficulties. The State Bank applied the tight monetary policy, commercial banks limited borrowings for telecommunication constructions. Thus, contractors did not have enough resources to settle for constructions. In Quarter I.2011, not many constructions had revenue accounted, which decreased the profit.

- In 2012, the monetary policy has been loosened, thus the Company has signed more contracts and many constructions have been implemented.

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