APC: Explanation for business result in Q1/2012 (Consolidated)

An Phu Irradiation Joint - Stock Company has explained the fluctuation in business result of Quarter 1/2012 compared to Quarter 1/2011:

-         Profit after tax in Quarter 1/2012: VND1,477,840,472

-         Profit after tax in Quarter 1/2011: VND10,023,370,563

-         Profit after tax in Quarter 1/2012 decreased by 85.2% against to the same period of last year because mainly:

+        Dragon fruit export decreased due to FDA technical barriers from the Food and Drug Administration (FDA) of the US.

+        Income tax in 2012 increased 20%, while Income tax in 2011 was 10%.

+        Production at An Phu Binh Minh factory was low because Quarter 1 is always low season and seafood companies was difficulties in this year.

HOSE

>   MCG: Resolution of AGM 2012 (21/05/2012)

>   PNJ: Resolution of the Board of Directors (21/05/2012)

>   MDG: Reminded to submit Annual Report (21/05/2012)

>   HLA: Extension for submission of Reviewed Semi-Annual FS (21/05/2012)

>   FDG: Explanation for business result in Quarter 1/2012 (21/05/2012)

>   PVD: Explanation for business result in Q1.2012 (21/05/2012)

>   TLG: Resolution of AGM 2011 (21/05/2012)

>   PVT: Resolution of AGM 2012 (21/05/2012)

>   VSI: Resolution of AGM 2012 (21/05/2012)

>   SRA: Result of 2nd Annual General Meeting (18/05/2012)