SHBS: Explanation for business result in Q4.2012

SHB Securities Joint Stock Company explained the fluctuation in profit in Quarter 4/2012 compared to Quarter 4/2011:

-         Profit before tax in Quarter 4/2011: VND 969,931,682

-         Profit before tax in Quarter 4/2012: VND 30,769,735,286

-         Profit before tax in Quarter 4/2012 increased sharply because of the following reasons:

+         SHBS’s operating expenses in Quarter 4/2012 decreased sharply from VND 23,576,951,456 to VND 14,162,885,072, because the Company re-added a provision for financial investment and also saved expenses.

+         SHBS’s revenue in Quarter 4/2012 rose highly from VND 24,675,702,666 to VND 40,184,741,038, mainly thanks to the growth of revenue in securities brokerage, finance consulting fee, investment consulting fee. Besides, in Quarter 4/2012, the change from Habubank Joint Stock Company to SHB Securities Joint Stock Company, technological innovation and reorganization of activities had brought positive business performance to SHBS.

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