VHC: Explanation for business result in Q1.2012

Vinh Hoan Corporation explained the fluctuation in business result between Quarter 1/2012 and Quarter 1/2011:

By: VND

Item	Quarter 1/2012	Quarter 1/2011	Difference
Net income	881,920,278,752	800,665,829,184	+10.15%
Profit after tax of the parent company	33,151,904,487	72,762,365,548	-54.44%

-         The Company’s profit after tax in Quarter 1/2012 decreased because:

+         Exchange rate fluctuations

+         Material cost in quarter 1/2012 was higher than quarter 1/2011 and cost of goods sold in quarter 1/2012 increased compared to the same period of last year.

+         Demand and price of export in quarter 1/2012 went down compared to quarter 1/2011.

HOSE

>   DLG: Explanation for business result in Q1/2012 (Parent company) (16/06/2012)

>   DSN: Explanation for business result in Quarter 1/2012 (16/06/2012)

>   HSI: Explanation for business result in Q1/2012 (Parent company) (16/06/2012)

>   SFC: Explanation for business result in Q1/2012 (16/06/2012)

>   SPM: Explanation for business result in Quarter 1/2012 (16/06/2012)

>   TRC: Explanation for business result in Q1/2012 (16/06/2012)

>   ORS: Explanation for difference in financial statement 2011 before and after auditing (16/06/2012)

>   PMS: Explanation for difference in financial statement 2011 before and after auditing (16/06/2012)

>   LHC: Explanation for difference in financial statement 2011 before and after auditing (16/06/2012)

>   ILC: Explanation for difference in financial statement 2011 before and after auditing (16/06/2012)