KAC: Explanation for business result in Q1.2012

Khang An Investment Real Estate Joint Stock Company explained the business result in Quarter 1.2012 as follows:

-         According to KAC’s financial statements in Quarter 1.2012, revenue was VND4.8 billion, profit after tax was –VND5.27 billion. Compared to the same period of last year, revenue decreasing 68% and profit after tax decreasing sharply. Reason: In Quarter 1.2012, The company’s retail decreased sharply beside the same period of last year leading to revenue decreased over 68% while interest expense increased from VND1.36 billion to VND2.5 billion. Thus, in Quarter 1.2012, the company loses more than VND5 billion.

HOSE

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