OGC: Explanation for business result in Quarter 3/2010

Ocean Group Joint Stock Company explained the reasons making the consolidated profit after tax in Quarter 3/2010 increase 10% from 2009:

1. Consolidated profit after tax in 2009: VND42,894,182,730 (1)

- Consolidated profit after tax in Q3/2010: VND153,237,288,060 2)

- Increase (2) – (1): VND110,343,105,330

2. Reason:

Compared to 2009, the Company’s operating scale has grown strongly thanks to the increase in charter capital from VND390 billion to VND2,500 billion (In Quarter 4/2009: increasing capital to VND1,968 billion and in Quarter 1/2010: Increasing capital to VND2,500 billion) and the restructuring of subsidiaries and joint-ventures.

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