HVG: Explanation for business result in QIII/2011

Hung Vuong Corporation (HOSE: HVG) explained reasons causing the profit after tax in the first nine months of 2011 increase 76.3% from the same period of 2010, in which the consolidated profit in QIII/2011 rise 60.6% compared to QIII/2010:

• In 2011, the export price of fishes increased sharply compared to price in 2010. The average export price in QIII/2011 was US$3.1/kg, while the average export price in 2010 was US$2.03/kg, and the US dollar has been higher than VND in 2011, which helped HVG’s profit go up strongly

• In QIII/2011, the company recorded an extraordinary profit rising from the clearance of fixed assets of subsidiary AGF, and made the consolidated profit after tax in QIII/2011 up by 21% from QIII/2010.

HOSE

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>   AGR: Explanation for business result in QIII/2011 (09/11/2011)

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