PNC: Explanation for business result in QIII/2011

Phuong Nam Cultural JSC (HOSE: PNC) explained the fluctuation in profit after tax in QIII/2011 compared to QIII/2010:

• Interest expense in QIII/2011 increased more highly than the same period of 2010, so the borrowing cost went up

• Selling expense and administrative expense rose because of inflation, exchange rates, etc

• In QIII/2010, the Corporation put some assets into liquidation to increase other incomes.

HOSE

>   REE: Explanation for business result in QIII/2011 (15/11/2011)

>   VFMVFA: NAV from 03 Nov 2011 to 10 Nov 2011 (15/11/2011)

>   VFMVF4: NAV from 03 Nov 2011 to 10 Nov 2011 (15/11/2011)

>   VFMVF1: NAV from 03 Nov 2011 to 11 Nov 2011 (15/11/2011)

>   MAFPF1: NAV from 03 Nov 2011 to 10 Nov 2011 (15/11/2011)

>   SFC: Explanation for business result in Q3/2011 (16/11/2011)

>   PAC: Explanation for business result in Q3/2011 (16/11/2011)

>   FDC: Resolution of the Board of Directors (16/11/2011)

>   CMG: Explanation for business result in Q3/2011 (15/11/2011)

>   VES: Explanation for business result in QIII/2011 (15/11/2011)