ST8: Explanation for business results in quarter 1.2012

Sieu Thanh Joint Stock Corporation (SJC) has explained the business results in quarter 1.2012 in comparison with quarter 1.2011 as follows:

-         Compared to the same period of last year, total expense decreased VND3.59 billion, profit after tax increased VND2.56 billion (equal to 55.42%).  Profit after tax increased because the reason the following:

-         In Quarter 1.2012, Inflation rate, bank interest rate, foreign exchange rate were lower than Quarter 1.2011. So the company saved financial expense. The company restructured the management apparatus to reduce management cost.

HOSE

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