PPI: Explanation for business result in Q2.2012

Pacific Property & Infrastructure Development Joint Stock Company explained the fluctuation in business result in Quarter 2/2012 compared to Quarter 2/2011:

- Profit after tax in Quarter 2/2012:           VND1,164,880,286

- Profit after tax in Quarter 2/2011:           VND3,404,720,547

- Difference:       -VND2,239,840,261

Reason:

      Economic difficulties, material, petrol and labors prices increased affecting products prices, selling expenses and general and administration expenses. Interest rate increase highly leading financial expenses rose.

HOSE

>   PHS: Information on Financial Statements and explanation for business result in QII.2012 (08/11/2012)

>   PPS: Financial Statement Quarter 3/2012 (08/11/2012)

>   ACB: Financial Statement Quarter 3/2012 (08/11/2012)

>   PVE: Financial Statement Quarter 3/2012 (holding company) (08/11/2012)

>   PVA: Financial Statement Quarter 3/2012 (holding company) (08/11/2012)

>   PGS: Financial Statement Quarter 3/2012 (holding company) (08/11/2012)

>   SD8: Financial Statement Quarter 3/2012 (holding company) (08/11/2012)

>   BBC: Explanation for business result in Q3/2012 (08/11/2012)

>   VST: Explanation for consolidated business result in Quarter 3/2012 (08/11/2012)

>   ASM: Explanation for business result in Q3/2012 (08/11/2012)