PVG: Business operational explanation

According to the Financial Statement QIII/2011, profit after tax of QIII/2011 increased by 30% year on year. Petrovietnam Nothern Gas JSC (HNX: PVG) explained the increase in operating result in QIII/2011 as follows:

- Financial expenses decreased because the Company wrote back provision for long-term financial investment of over VND4 billion of PVFC Invest

- Selling expenses decreased as in 2011, the Company put 2 LPG hub storages in Dinh Vu, Hai Phong and Vung Ang, Ha Tinh into operation, which helped decrease transportation cost and store hiring costs.

HNX

>   TPP: Board Resolution on share transfer (08/11/2011)

>   ICF: Explanation for business result in QIII/2011 (07/11/2011)

>   PTC: Explanation for business result in QIII/2011 (07/11/2011)

>   SBA: Explanation for business results in QIII/2011 (07/11/2011)

>   SBT: Explanation for business result in QIII/2011 (07/11/2011)

>   SFC: Explanation for business result in QIII/2011 (07/11/2011)

>   SDB: Business operational explanation (07/11/2011)

>   S64: Business operational explanation (07/11/2011)

>   SGD: Board Resolution (07/11/2011)

>   SDY: Business operational explanation (08/11/2011)