KBC: Explanation for the loss in the first six months

According to the reviewed financial statements of Kinh Bac City Development Share Holding Corporation for the first half of 2012, the profit after tax of the parent company is –VND12.24 billion, and the consolidated profit after tax of the Corporation is –VND124.63 billion. Kinh Bac City Development Share Holding Corporation would like to explain as follows:

-         In the first six months of 2012, the local economy faced many difficulties. Therefore, attracting FDI to the Corporation’s industrial zone has not prospered, while the Corporation still pay fairly high borrowing costs, so it had losses in the first six months.

HOSE

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