MPC: Explanation for business result in Q2.2012

Minh Phu Seafood Group Corporation explained the decrease in the consolidated profit after tax in Quarter 2/2012 compared to Quarter 2/2011:

      Expenses increased highly because Minh Phu Hau Giang factory has begun its operation so all interest expenses for the investment in Minh Phu Hau Giang factory which could not accounted into cost of fixed assets, but as financial expenses. While interest expenses in the first 6 months of 2011 was accounted into cost of fixed assets.

- Price of shrimps decreased strongly in Euro market.

- Raising activities faced many difficulties due to large-scale diseases so in the last 6 months of 2012, the company nourishes shrimps later than expected leading profit will be accounted into Quarter 3/2012.

HOSE

>   HSI: Explanation for business result in reviewed semi – annual financial statement (21/08/2012)

>   HAP: Explanation for business result in Q2/2012 (21/08/2012)

>   HAI: Explanation for business result in Quarter 3/2012 (21/08/2012)

>   DCL: Explanation for consolidated business result in QII/2012 (21/08/2012)

>   CMV: Explanation for business result in Q2.2012 (21/08/2012)

>   AMV: Reviewed financial statement 2012 (21/08/2012)

>   BTH: Reviewed financial statement 2012 (21/08/2012)

>   GMX: Delay in submitting financial statement refused (21/08/2012)

>   PXM: Explanation for business results in quarter 2/2012 (21/08/2012)

>   KMR: Explanation for business result in Q2.2012 (21/08/2012)