SJS: Explanation for loss in Quarter 3.2012

Song Da Urban & Industrial Zone Investment and Development Joint Stock Company (SUDICO) explained the losses in financial statements and consolidated financial statements for Quarter 3.2012 as follows:

-         The economic difficulties have directly affected the Company’s business activities. Besides, SUDICO’s main business is real estate sector. In the end of Quarter 3.2012, the company only focused on investing in technical in construction and finishing procedures for priority projects. So, the company did not record large revenue from real estate. Revenue mainly came from services provision in urban and other revenue.

-         Besides, the company had to set aside provision for financial investment in subsidiaries and affiliated companies.

HOSE

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>   LSS: Board Resolution (19/11/2012)

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