SBS: Explanation for consolidated business result in Quarter 2/2012

Sacombank Securities Joint Stock Company explained the fluctuation in the consolidated business result between Quarter 2/2012 and Quarter 2/2011 according to the consolidated financial statements:

-         According to the consolidated financial statements in Quarter 2/2012, profit after tax was VND522.33 billion, while loss after tax in Quarter 2/2011 was VND159.63 billion, mainly because:

+        Ernst & Young audited firm (E&Y) adjusted investments, provision for devaluation of investment, leading to loss at December 31, 2012 (after adjusted) was VND1,633 billion compared to before adjusted (loss was VND764 billion), so in Quarter 2/2012, SBS delayed provision of VND819 billion, making to business result in Quarter 2/2012 had profit and decreased loss in 6 months of 2012 of -VND138 billion.

+        Revenue in Quarter 2/2012 was VND147 billion equal to 55% of in Quarter 2/2011.

+        General and administration expenses in Quarter 2/2012 was VND263 billion, increasing 3 times compared to the same period of last year because SBS made a provision for bad debts of VND243 billion.

HOSE

>   Ha Thanh Securities JSC: Change the name of Company (08/10/2012)

>   BLF: Reviewed financial statement 2012 (05/10/2012)

>   CII: CII discloses profit for the first 9 months of 2012 (05/10/2012)

>   HSG: Setting up Branch (05/10/2012)

>   PNJ: Announcement of changes in business license (05/10/2012)

>   SBS: Explanation for business result in Quarter 2/2012 (05/10/2012)

>   TDC: Change of Head Office Address (05/10/2012)

>   CAP: Reviewed financial statement 2012 (05/10/2012)

>   YBC: Reviewed financial statement 2012 (05/10/2012)

>   LM3: Results of Extraordinary Annual General Meeting of Shareholders 2012 (05/10/2012)