VFC: Explanation for business result in Quarter 3/2012

Vinafco Joint Stock Corporation (VINAFCO) explained the difference in business results in Quarter 3/2012 compared to Quarter 3/2011:

-         The Corporation’s revenue in Quarter 3/2012 decreased by VND31,135,875,482, or 20%, compared to the same period of last year because of economic difficulties.

-         The depreciation on fixed assets and the cost of goods sold increased because the Corporation put new assets into operation in 2012,

-         In Quarter 3/2011, the Corporation transferred a part of stake and gained VND14.6 billion for financial income.

-         Therefore, because of main reasons above, the Corporation’s profit in Quarter 3/2012 was lower than profit in Quarter 3/2011.

HOSE

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