VOS: Explanation for the business result in quarter 2.2012

Viet Nam Ocean Shipping Joint Stock Company (VOSCO) has explained the business result in quarter 2.2012 as follows:

Item	Quarter 2.2012	Quarter 2.2011	Comparison
Total revenue	624,291,320,106	801,245,318,938	77.92%
Profit after tax	(42,852,322,166)	847,972,773

-         In Quarter 2.2012, BDI index went down, hovering around 1,000 points and sometimes fell below 900 points. Surplus shipping supply, China’s downward adjustment and Indonesia’s ban on exporting unprocessed metal ores negatively affected to Viet Nam Ocean Shipping Joint Stock Company. Shipping charges for container ships have fallen considerably since June 2012.

-         Although, revenue decreased by 22.08% but total expenses in Quarter 2.2012 equal to 83.37% of Quarter 2.2011 because relative expenses were high as fuel, materials, etc, especially FO prices increased by 12% compared to Quarter 2.2011.

-         Besides, profit in Quarter 2.2011 was high because the company was sold Vinh Long at 21.8 billion dongs Ship in June 2011.

-         The company expects Quarter 3.2012 business results will be much better as the company continues its efforts and application of financial measures. Besides, oil material price in Quarter 3 has fell 10% compared to Quarter 2.2012.

HOSE

>   ACC: Explanation for business result in Q2.2012 (27/07/2012)

>   DRC: Explanation for business result in Q2.2012 (27/07/2012)

>   RCL: Financial Statement Quarter 2_2012 (27/07/2012)

>   PVE: Financial Statement Quarter 2_2012 _holding company (27/07/2012)

>   ONE: Financial Statement Quarter 2_2012 (27/07/2012)

>   PVA: Financial Statement Quarter 2_2012 _holding company (27/07/2012)

>   PVX: Financial Statement Quarter 2_2012 _holding company (27/07/2012)

>   OCH: Financial Statement Quarter 2_2012 _holding company (27/07/2012)

>   PFL: Financial Statement Quarter 2_2012 (27/07/2012)

>   PCG: Financial Statement Quarter 2_2012 (27/07/2012)