DXG: Explanation for business result in Q1/2012

Dat Xanh Real Estate Service & Constructions Corporation has explained business result in Q1/2012 compared to Q1/2011 as follows:

-         Profit after tax in Quarter 1/2012 of parent company was VND10,598,371,544 decreasing 63.5% compared to VND29,094,295,388 in quarter 1/2011.

-         Besides, Consolidated profit after tax in quarter 1/ 2012 was VND2,554,320,814 decreasing 87.5% compared to VND20,384,835,980 in quarter 1/2011.

-         Mainly because:

+        The company and customers has not completed delivery products so the company couldn’t keep income account.

+        Besides, tight financing policy and real estate market difficulties affecting income  of the company.

HOSE

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