VHG: Explanation for business result in quarter 2/2012

Viet - Han Corporation explained loss of the parent company in quarter 2/2012 as follows:

-         Revenue in quarter 2/2012 reached 38.41 bil. dongs and decreased 59.67% on revenue of quarter 2/2011. Profit margin decreased 43.62% because of the difficulties in its business.

-         Financial activities were loss because of the clients’ bad payments, high loan interest and high amount for bad debt provision.

-         In the quarter, the company was in tax inspection and was collected arrears in importing machinery from 2005 to 2007. The company just collected 5% tax of foreign contractors but the real tax was higher and could not be collected again because the contracts were finished. Therefore, the payment was recorded into other expenses and it made the other activities lose.

HOSE

>   TAS: Explanation for business results in quarter 2.2012 (30/07/2012)

>   MAFPF1: NAV from 19 Jul 2012 to 26 Jul 2012 (30/07/2012)

>   PSI: Explanation for business results in quarter 2.2012 (30/07/2012)

>   VMD: Explanation for business results in quarter 2/2012 (30/07/2012)

>   CMG: Explanation for parent company’s business result in Q2/2012 (30/07/2012)

>   CTI: Explanation for business result in Q2/2012 (30/07/2012)

>   GSP: Explanation for business results in Q2/2012 (30/07/2012)

>   AGR: Explanation for business result in Quarter 2/2012 (30/07/2012)

>   HDG: Explanation for business result in Quarter 2/2012 (30/07/2012)

>   MBS: Explanation for business results in Q2/2012 (30/07/2012)