VSSC: Explanation for business result in Q2.2012

Viet Star Securities Corporation (VSSC) has explained the fluctuation in profit in Quarter 2.2012 compared to Quarter 2.2011 as follows:

-         Total income in Quarter 2.2012 increased 361 million dongs (or 7%) compared to the same period of last year. Income from business decreased 342 million dongs mainly because investment decreased. Other income increased 703 million dongs compared to the same period of last year.

-         Total expense in Quarter 2.2012 was 17.73 billion dongs, decreasing 3.75 billion dongs (or 17%) compared to the same period of last year.

-         Business expense in Quarter 2.2012 was 1.26 billion dongs, decreasing 16.25 billion dongs compared to the same period of last year. In Quarter 2.2012, the company repaid provision for devaluation of proprietary trading was 7.28 billion dongs and investment expense decreased 8 billion dongs compared to the same period of last year.

-         Administrative expense was 16.49 billion dongs, increasing 12.77 billion dongs compared to the same period of last year.

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