HAS: Explanation for financial statements of quarter 1/2012

Hanoi P & T Construction & Installation Joint Stock Company (HACISCO) has explained profit in quarter 1/2012 increased 684% compared to quarter 1/2011 as follows:

-         Total profit after tax in quarter 1/2012 was VND1.029 million increasing 3.94% compared to quarter 1/2011 because:

+          In quarter 1/2012, the company supplied trading business leading income rose 684% compared to the same period of last year.

+          Financial income in quarter 1/2012 was VND1.169 million dongs increasing 348% compared to quarter 1/2011.

+          Besides, General & administrative expenses in quarter 1/2012 was 1.110 million dongs decreasing 32.7% compared to the same period of last year.

HOSE

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