Mirae Asset: Explanation for business result in Q4/2012

Mirae Asset Securities (Vietnam) Joint Stock Company (MIRAE ASSET) explained the differences in business results of Quarter 4/2012 compared to Quarter 4/2011 as follows:

By: VND

Profit after tax in Quarter 4/2011	1,796,850,584
Loss in Quarter 4/2012	(334,933,467)
Difference amount	(2,131,784,051)
Difference ratio	-118.6%

The reason causing the difference of -118.6% is that the Company re-valued the bank deposit in foreign currency, worth US$970.833, at the end of fiscal year 2011. The profit from exchange rate difference of VND2,508,368,623 was recorded as an income in Quarter 4/2011.  

HOSE

>   VISecurities: Explanation for business result in Q4/2012 (21/01/2013)

>   AMV: Explanation for the change in operating result in Q4- 2012 (holding company) (21/01/2013)

>   AVS: Notice of record date for AGM 2013 (21/01/2013)

>   HVS: Explanation for business result in Quarter 4.2012 (21/01/2013)

>   VCSC: Explanation for business result in Quarter 4.2012 (21/01/2013)

>   SHS: Explanation for Financial Statement in Q4.2012 (21/01/2013)

>   TCBS: Explanation for business result in Quarter 4.2012 (21/01/2013)

>   VITS: Explanation for business result in Quarter 4.2012 (21/01/2013)

>   VTS: Explanation for business result in Quarter 4.2012 (21/01/2013)

>   SVC: Business result in 2012 (21/01/2013)