VNM: Explanation for the consolidated FS in QII/2011

Viet Nam Dairy Products JSC (HOSE: VNM) (VINAMILK) explained more contents in the consolidated financial statements in Quarter II/2011 as follows:

• Total profit after tax according to the consolidated financial statements in Quarter II/2011 increased 18.92% from Quarter II/2010 because of the following main reasons:

• Operating profit increased because the Company’s sales rose 36% compared to the same period of last year, so the gross profit in Quarter II/2011 rose 24.6%. Besides, financial income went up 61.06% mainly because of the increases in income from bank interest and bond interest.

• Moreover, the Company has executed effective expense management and control programs, so the increases in selling expense and administrative expense were lower than the increase in net revenue in the same period

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>   VFC: 2011’s first half Audited FS submission extension (18/08/2011)

>   PGI: 2011 Annual Reports Submission Extension (18/08/2011)

>   VIE: QII-2011 Operation explanation (17/08/2011)

>   MAFPF1: NAV from 4 Aug 2011 to 11 Aug 2011 (17/08/2011)

>   PRUBF1: NAV from 4 Aug 2011 to 11 Aug 2011 (17/08/2011)

>   VFMVF1: NAV from 4 Aug 2011 to 11 Aug 2011 (17/08/2011)

>   VFMVF4: NAV from 4 Aug 2011 to 11 Aug 2011 (17/08/2011)

>   VFMVFA: NAV from 4 Aug 2011 to 11 Aug 2011 (17/08/2011)

>   VPH: 2011’s first half Audited FS submission extension (18/08/2011)

>   VPH: 2011’s first half Audited FS submission extension (18/08/2011)