MDG: Explanation for business results in quarter 1.2012

Mien Dong Joint – Stock Company has explained business results in Quarter 1.2012 compared to Quarter 1.2011 because:

                                                                                                                   Unit: million dongs

Items	Quarter 1.2012	Quarter 1.2011	Ratio (%)
Revenue	16,552	34,830	-52.5
Profit after tax	93	3,970	-97.7

-         In 2011, Real estate market, construction and material production were difficult. Besides, financial expense and general administrative expense went up highly leading to profit in Quarter 1.2012 decreased sharply compared to Quarter 1.2011.

HOSE

>   SHI: Explanation for business result in Q1.2012 (16/06/2012)

>   VMD: Resolution of Annual General Meeting 2012 (16/06/2012)

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

>   PHS: Change in Business Registration Certificate (16/06/2012)

>   NVN: Resolution of Annual General Meeting 2012 (16/06/2012)

>   PDR: Resolution of the 2012 Annual General Meeting (16/06/2012)

>   VHC: Explanation for business result in Q1.2012 (16/06/2012)

>   DLG: Explanation for business result in Q1/2012 (Parent company) (16/06/2012)

>   DSN: Explanation for business result in Quarter 1/2012 (16/06/2012)

>   HSI: Explanation for business result in Q1/2012 (Parent company) (16/06/2012)