GBS: Explanation for change of over 10 percent in operating result Quarter I/2012

According to the Financial Statement Quarter I/2012, profit after tax is VND1,366 million with an increase of 21.96% year on year. Golden Bridge VietNam Securities JSC explained the increase in operating result in Quarter I/2012 as follows:

- Operating expenses in Quarter I/2012 decreased by 31.6% and administration expenses increases by 7.8%. The Company cut down fixed costs relating to operation such as brokerage fee, advertisement cost, investment cost for branch establishment.

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