VRC: Explanation for consolidated business result in Q4.2012

Vung Tau Real Estate and Construction Joint Stock Company has explained consolidated business result of Quarter 4/2012 was 128,668,540 dongs because:

-         Construction works of the holding company and two subsidiaries were in the progress of final account causing no revenue.

-         Revenue in Quarter 4/2012 mainly came from real estate leasing and the two rest apartments of the Thuy Van building.

-         Interest expense was high, leading financial expense increased highly.

HOSE

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