PHS: QII.2011 business explanation

Fortunes Securities Corporation (HNX: PHS) explained difference in profit after tax in the Reviewed financial statement 2011 and Quarter II.2011 as follows:

- Profit after tax in Financial statement Quarter II.2011: (VND7,429,275,131)

- Profit after tax in Reviewed financial statement 2011: (VND12,131,634,993)

- Difference: VND4,702,359,862

Reasons for the difference:

- Increase in software maintenance expenses: VND1,508,000,000

- Provision for loss in securities investment: VND3,944,000,000

- Write-back of deferred income tax: VND750,000,000

These adjustments decrease the profit after tax by VND4,702 million.

HNX

>   V11: 2011 Audited Financial Statement Explanation (09/09/2011)

>   GBVS: GBVS sets up a branch (09/09/2011)

>   CMV: 2011 extraordinary shareholders’ meeting notice (08/09/2011)

>   MCP: Information the extraordinary shareholders’ meeting (08/09/2011)

>   HVG: 2011’s first half Audited FS submission extension (08/09/2011)

>   CMV: Resolution of the BOD (08/09/2011)

>   EVE: Total room of foreign investors fixed at 48.98 percent (08/09/2011)

>   Insurer sees solid H1 growth (08/09/2011)

>   STT: Reminded to submit FS (08/09/2011)

>   TCL: Reminded to submit FS (08/09/2011)