TCL: Explanation for consolidated business results in quarter 4/2012

TanCang Logistics and Stevedoring Joint Stock Company (TANCANG LOGISTICS JSC) has announced explanation for consolidated business result in quarter 4/2012 as follows:

-         Profit after tax in quarter 4/2012: 14,373,202,741 dongs

-         Profit after tax in quarter 42011 : 30,834,039,509 dongs

-         Decreased                                    : 16,460,836,768 dongs

-         Reasons:

On September 12, 2012 TCL sold all shares of Tan Cang member two Joint Stock Company to Tan Cang Saigon Company so profit of Tan Cang member two Joint Stock Company has not in consolidated business results of Quarter 4/2012.

Consolidated financial income in Quarter 4/2012 was 2,717,602,060 dongs, decreasing 10,904,948,860 dongs compared to Quarter 4/2011 because in Quarter 4/2012, TCL has not received dividends from company investments and interest expenses in Quarter 4/2012 increased 1,531,730,059 dongs (54.19%) compared to Quarter 4/2011.

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