CII: Explanation for loss in Quarter 2. 2013

Hochiminh City Infrastructure Investment Joint Stock Company explained the difference in business results in Quarter 2.2013 as follows:

-         Profit after tax of the first 06 months of 2013 was 45.99 billion dongs or 39.5% compared to the same period of last year. Loss in Quarter 2.2013 because of the following reasons:

+         Discipline a member of the Board of Directors effect to the Company’s activities;

+         Accounting policy related to its infrastructure projects was changed. So, profit of the company has been adjusted.

+         Provision for devaluation of stocks and exchange rate difference increased effect to business results.

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