PHS: Explanation for the loss in Audited Financial Statement Y2011 and Solution

On 17/04/2012, ThangLong Invest Group explained reasons for the loss in Audited Financial Statement Y2011 and Solutions as follows:

1. Reasons:

- The stock market decreased dramatically, which caused revenue from main activities of the company such as brokerage, financial consultancy, seurities investment fell sharply.

- Operating expenses increased due to provision for loss in securities investment, provision for bad debts and high interest.

2. Solutions:

- Increase the corporate governance

- Increase the quality of the staff, especiall brokers, and advisors

- Develop the margin trading service

- Cost control

hnx

>   TIG: Explanation for the loss in Audited consolidated Financial Statement Y2011 and Solution (29/04/2012)

>   TLT: Explanation for information in the audited financial statement FY2011 (29/04/2012)

>   VCG: Explanation for difference in financial statement Year 2011 before and after auditing (holding company) (29/04/2012)

>   VTC: Explanation for the loss in Audited Financial Statement Y2011 and Solution (29/04/2012)

>   VND: Explanation for the loss in Audited Financial Statement Y2011 and Solution (29/04/2012)

>   PPE: Time and Place for Annual General Meeting of Shareholders 2012 (29/04/2012)

>   BCC: Results of General Meeting of Shareholders 2012 (29/04/2012)

>   HTC: Time and Place for Annual General Meeting of Shareholders 2012 (29/04/2012)

>   XMC: Explanation for difference in financial statement Year 2011 before and after auditing (consolidated) (29/04/2012)

>   I40 : Results of General Meeting of Shareholders 2012 (29/04/2012)