VRC: Explanation for business results of Quarter 3/2014

Vung Tau Real Estate and Construction Joint Stock Company has explained for business results of Quarter 3/2014 as follows:

In Quarter 3/2014, parent company loss VND894,186,998 and consolidated loss VND560,887,389

Reason:

-          Investment in projects mainly from loans from banks

-          Interest expense was high but the firm had not revenue because projects did not finish.

HOSE

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