DHA: Explanation for business result in quarter 1/2012

Hoa An Joint Stock Company (HOAAN) has explained business results in quarter 1/2012 compared to quarter 1/2011 as follows:

By: VND

Items	Quarter 3/2011	Quarter 3/2010	+/- Change
Income	49,244,882,945	46,858,499,460	2,386,383,485
Profit before tax	1,747,949,267	14,566,372,236	(12,818,422,969)

*     Reason:

-         New mines have just activated so the first phase is loss as loss form Thuong Tan branch by VND862 million, loss  from Tan Cang Branch by VND1.276 billion.

-         Materials expenses rose, fuel expenses went up 11%, explosives expenses increased 26%.

-         Hoa An stone mine increased cost because contact and transport of mixed stone in stock for closing mine. Income increased mainly in new branch. ROS of new mines = 0 leading income rose but profit decreased.

HOSE

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>   SRC: Explanation for business result in quarter1.2012 (16/06/2012)

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>   PVD: Explanation for business result in Q1.2012 (parent company) (16/06/2012)