HU3: Explanation for consolidated business results in quarter 1/2013

HUD3 Investment and Construction Joint Stock Company has explained business results in quarter 1/2013 compared with in quarter 1/2012 as follows:

-    Consolidated profit after tax in Quarter 1/2013: 998,632,468 dongs, decreasing 75.01% compared to the same period of last year.

-  Net revenue from selling and service supply in Quarter 1/2013 was VND42,590,080,508, decreasing 57.17% compared to Quarter 1/2012. 

-         Revenue and profit in Quarter 1/2013 were less than in Quarter 1/2012 because:

+        The difficulties in real estate market. The projects were finished but sold slowly. Revenue from sales and services decreased and expenses was cut, but financial expense was high.

HOSE

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