AGD: Explanation for business result in Q1. 2011

Godaco Seafood Joint Stock Company (HOSE: AGD) explained the over-ten-percent difference in business result between Quarter 1/2011 and Quarter 1/2010:

Profit after tax in the first third months of 2011 was VND20.26 billion, increasing by VND12.7 billion compared with the same period last year (in the first third months of 2010, profit after tax (not audited) was VND7.56 billion) because the following reasons:

• Net revenue rose by VND71.6 billion (+69.0%), the demand of foreign clients used seafood increased to export products growth and the export prices increased, besides the average exchange rate increased (From VND18.932/USD to VND20.730/USD).

• Gross profit increase VND23.7 billion (+95%) compared with the same period last year because the Company exploited effectively a catfish-breeding area.

• The company has invested in the manufacturing of food fish for serve the needs of fish feed in the farming area of 100 ha of the company also profits, which made the price of materials lower than material fishes bought from outside about VND1,000 a kilo.

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>   DHC: Business result in Quarter 1. 2011 (28/04/2011)

>   FPC: Extension of the submission date for Q1. 2011 financial statements (28/04/2011)

>   KAC: Delaying the 2011 annual shareholders’ meeting (28/04/2011)

>   GIL: Extension of the submission date for Quarter 1.2011 financial statements (28/04/2011)

>   MDG: Delaying the 2011 annual shareholders’ meeting (28/04/2011)

>   NKG: Explanation for business result in Q1/2011 (28/04/2011)

>   PGD: Explanation for business result in Quarter 1/2011 (28/04/2011)

>   TMP: Explanation for business difference in quarter 1/2011 (28/04/2011)

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