HAX: Explanation for business result in Quarter 3/2012

In Quarter 3/2012, Hang Xanh Motors Service Joint Stock Company (HAXACO) had a loss before tax because of the following reasons:

-         The quantity of goods sold decreased 24.69% against the same period of 2011 due to economic difficulties.

-         Net revenue in Quarter 3/2012 also went down 31.98% compared to Quarter 3/2011.

-         Bank lending rate rose highly and affected HAX’s financial expense and profit.

-         The intense competition between companies in the same industry also affected HAX’s profit.

-         The showroom and workshop in Vo Van Kiet Branch have not been as effective as expected.

HOSE

>   PHC: Financial Statement Quarter 3/2012 (22/11/2012)

>   PHC: Financial Statement Quarter 3/2012 (holding company) (22/11/2012)

>   TDH: Explanation for the business result in Quarter 3/2012 (22/11/2012)

>   CDC: Explanation for consolidated business results in Q3/2012 (22/11/2012)

>   CTB: Financial Statement Quarter 2/2012 (22/11/2012)

>   CTB: Reviewed financial statement 2012 (22/11/2012)

>   CMI: Financial Statement Quarter 1/2012 (consolidated) (22/11/2012)

>   CSC: Financial Statement Quarter 2/2012 (holding company) (22/11/2012)

>   APG: Notice of record date for Extraordinary General Meeting of Shareholders (22/11/2012)

>   HMC: Explanation for business result in Q3.2012 (22/11/2012)