OGC: Explanation for Q4.2011 business result

Ocean Group Joint Stock Company explained the reasons making profit in Quarter 4/2011 decreased over 10% from Quarter 4/2010:

- Net income in Quarter 4/2011 decreased 21% over Quarter 4/2010 because property business went down leading gross profit in Quarter 4/2011 decreased VND47,330,480,892.

- Financial revenue in Quarter 4/2011 decreased VND 154,331,970,825 compared to the same period of 2010, include company received VND 40 billion dividend from Ocean Bank  and revenue from transfer shares was VND75,383,000,000. Financial expenses rose VND12,093,201,131 because of business expansion and bond issue was VND 700 bilion.

- General & administrative expenses increased VND2,207,621,167 because of business expansion ( staffs rose from 36 staffs to 62 staffs) leading other expenses went up.

- Profit after tax in Quarter 4/2011 decreased VND170,659,619,456 or (-92.7%) against Quarter 4/2010.

hose

>   PAC: The record date for the 2012 annual shareholders’ meeting (10/03/2012)

>   PDR: The record date for the 2012 annual shareholders’ meeting (10/03/2012)

>   PXL: The record date for the 2012 annual shareholders’ meeting (10/03/2012)

>   TDW: The record date for the 2012 annual shareholders’ meeting (10/03/2012)

>   VTF: The record date for the 2012 annual shareholders’ meeting (10/03/2012)

>   CTI: Explanation for business result in Q4/2011 (10/03/2012)

>   DRH: Explanation for business result in Quarter 4/2011 (10/03/2012)

>   HAI: Explanation for business result in Quarter 1/2012 (10/03/2012)

>   HHS: Explanation for business result in Quarter 4/2011 (10/03/2012)

>   IDI: Explanation for business result in Quarter 4.2011 (10/03/2012)