VRC: Explanation for business results of Quarter 1/2013

Vung Tau Real Estate and Construction Joint Stock Company has explained for business results of Quarter 1/2013 as follows:

-         In Quarter 1/2013, VRC loss VND620,688,550 because:

+      Revenue from the construction works that the holding firm assigned its two subsidiaries was equal to costs of goods sold.

+         Real estate projects were in the progress of investments.

+         Revenues in Q1/2013 were mainly from contracts of leasing real estate

+         Interest rate was high.

+         General and administration expenses decreased not much.

HOSE

>   HLA: Reminded to submit the reviewed semi-annual financial statements (05/06/2013)

>   HAI: Reminded to submit the reviewed semi-annual financial statements (05/06/2013)

>   API: Financial Statement Quarter 1/2013 (05/06/2013)

>   GGG: Notice of record date for Annual General Meeting of Shareholders 2013 (05/06/2013)

>   GFC: Notice of record date for Annual General Meeting of Shareholders 2013 (05/06/2013)

>   PSG: Financial Statement Quarter 1/2013 (05/06/2013)

>   CTM: Results of Annual General Meeting of Shareholders 2013 (04/06/2013)

>   CCM: Results of Annual General Meeting of Shareholders 2013 (04/06/2013)

>   BKC: Notice of record date for AGM 2013 (04/06/2013)

>   VCV: Notice of record date for Annual General Meeting of Shareholders (04/06/2013)