ICF: Explanation for business result in Quarter 1.2012

Investment Commerce Fisheries Corporation gave reasons causing the decrease over ten percent in profit in Quarter 1.2012 compared to Quarter 1.2011:

      In Quarter 1.2012, the company’s operation is normal according to the business plan, but profit after tax in Quarter 1.2012 decreased VND169,159,527 or 30.49%from Quarter 1.2011. Reason: Production expenses in this year increased highly. Especially, interest expense rose. Therefore, the company’s profit in Quarter 1.2012 was lower than profit in Quarter 1.2011.

HOSE

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