HVG: Explanation for business result in Q4/2011

Hung Vuong Corporation explained reasons causing the profit after tax in 2011 increase 95% from the same period of 2010, in which the consolidated profit in Quarter 4/2011 rise 114% compared to Quarter 4/2010:

- In 2011, the export price of fishes increased sharply compared to price in 2010. The average export price in Quarter 4/2011 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.

- Other profit in 2011 rose 4.7 times and profit from joint ventures in 2011 went up 4.4 times making profit after tax increased.

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