ST8: Explanation for business results in quarter 1/2012

Sieu Thanh Joint Stock Corporation (SJC) has explained the business results in quarter 1/2012 compared to quarter 1/2011 as follows:

-         Profit after tax in quarter 1/2012 rose VND1.9 billion or (29.2%) compared to the period of last year, because mainly:

+         In Quarter 1/2012, economic difficulties so net income decreased strongly. Therefore, Gross profit went down VND8.55 billion.

-         However, Total cost decreased VND7.9 billion leading profit from business rose up VND0.7 billion or 8%.

-         Besides, other profit increased VND1.7 billion or 126.3%. Because SJC received grants business expenses from the supplier.

HOSE

>   HAD: General Mandate 2012 (21/05/2012)

>   GLT: Explanation for difference in financial statement Year 2011 before and after auditing (21/05/2012)

>   TAS: The suspension time of depository operations (21/05/2012)

>   PXI: Information on a construction & equipment contract (21/05/2012)

>   CII signs an investment transfer agreement (21/05/2012)

>   VNDS: VNDS sets up Can Tho Branch (21/05/2012)

>   BVH: Information on Q1.2012 Consolidated Financial Statements (21/05/2012)

>   CTG: Information on Q1.2012 Consolidated Financial Statements (21/05/2012)

>   OPC: Explanation for business result in Q1/2012 (21/05/2012)

>   BTT: Explanation for business result in Q1/2012 (21/05/2012)