BGM: Explanation for business results in quarter 2/2012

Bac Giang Exploitable Mineral Joint Stock Company explained business results in quarter 2/2012 as follows:

-         According to the last explanation, the company stopped its production in a long time as from the quarter 4/2011 because of the long traditional Tet holiday and incomplete maintenance.

-         In quarter 2/2012, the company focused debt collection and collected the majority of bad debts which recorded provision for those debts in the period, resulting in negative administrative expenses.

-         Therefore, profit decreased in the quarter because there was no revenue but expenses.

HOSE

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