VIP: Explanation for business result in Quarter 1.2012

Viet Nam Petroleum Transport Joint Stock Company (VIPCO) explained the difference in revenue and profit in Quarter 1.2012 and Quarter 1.2011:

	Quarter 1.2012 (VND)	Quarter 1.2011 (VND)	Difference (VND)	Ratio (%)
Profit after tax	6,029,856,817	11,689,339,976	-5,659,483,159	51.58

-         Profit after tax in Quarter 1.2012 was lower than in Quarter 1.2011 because transport business decreased, in Quarter 1.2012 Petrolimex 16 ship was repaired in 30 days with repair expense by VND10.6 billion and the company spared VND12.8 billion for repairing the Petrolimex 15 ship in advance.

HOSE

>   TCR: Explanation for business result in Q1.2012 (28/06/2012)

>   VCC: Change of Business registration certificate (27/06/2012)

>   STP: Selection of auditor for 2012 Financial Statement (27/06/2012)

>   TV2: Time and Place for Annual General Meeting of Shareholders 2012 (27/06/2012)

>   CMG: Explanation for business result 2011 (27/06/2012)

>   KAC: Resolution of AGM 2012 (27/06/2012)

>   HSC: Adjusts Business License (27/06/2012)

>   DVSC: Change of Head Office Address (27/06/2012)

>   ONE: Change in Business Registration Certificate (27/06/2012)

>   GMD: Resolution of Annual General Meeting 2012 (27/06/2012)