HLA: Explanation for consolidated business result in Q3/2012

Huu Lien Asia Corporation explained the fluctuation in consolidated profit after tax between Quarter 3/2012 and Quarter 3/2011:

-         Consolidated profit after tax in Quarter 3/2012 went up because:

+         Revenue from selling and service supply in Quarter 3/2012 was higher than in Quarter 3/2011 because revenue from selling in Quarter 3/2012 increased VND411,629,389,014 compared to the same period of last year.

+         Gross in Quarter 3/2012 was higher than in Quarter 3/2011 because ratio gross profit/ net revenue of 2012 was higher than 2011.

+         Financial expenses in Quarter 3/2012 was less than in Quarter 3/2011 due to interest rate in 2012 decreased VND11,999,562,554 compared to in 2011.

+         In 2012, the company changed sales policy thanks to selling expenses in Quarter 3/2012 went down VND8,546,924,679 compared to the same period of last year.

+         In Quarter 3/2012, the company delayed the reserve for bad debts.

+         The company liquidated machineries and equipments, leading to other income in Quarter 3/2012 increased VND25,748,282,904 compared to the same period of last year.

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