PNC: Explanation for consolidated business result in Q4/2012

Phuong Nam Cultural Joint Stock Corporation explained the fluctuation in profit after tax in Quarter 4/2012 (consolidated) compared to Quarter 4/2011:

By: dongs

	In Quarter 4/2012	In Quarter 4/2012	Increased/ decreased
Net revenue	73,790,922,406	82,293,223,561	(8,502,301,155)
Selling expense	24,676,899,061	22,116,303,528	2,560,595,533
General and administration expense	4,747,099,374	6,217,217,000	(1,470,117,626)
Interest expense	3,585,793,091	4,146,736,259	(560,943,168)
Profit after tax	(3,851,930,134)	(1,242,460,570)	(2,609,469,564)

-         Because of economic difficulties, revenue in Quarter 4/2012 decreased 8,502,301,155 dongs.

-         Selling expense increased 2,560,595,533 dongs because the parent company opened 03 branches: Quang Ninh, Garden Mall, Vimcom HCM.

-         General and administration expense decreased 1,470,117,626 dongs because parent company closed 01 branch.

-         Interest expense in Quarter 4/2012 decreased 560,943,168 dongs because interest in short term went down.

-         Therefore, profit after tax in Quarter 4/2012 decreased 2,609,469,564 dongs compared to the same period of 2011.

HOSE

>   VTS: Financial Statement FY 2012 (07/03/2013)

>   PDC: Notice of record date for Annual General Meeting of Shareholders 2013 (07/03/2013)

>   PPP: Financial Statement Quarter 4/2012 (holding company) (07/03/2013)

>   STP: Time and Place for Annual General Meeting of Shareholders 2013 (07/03/2013)

>   MHL: Annual report 2012 (07/03/2013)

>   SHA: Board Resolution on plan of AGM 2013 (07/03/2013)

>   ITQ: Notice of record date for Annual General Meeting of Shareholders 2013 (07/03/2013)

>   L62: Notice of record date for Annual General Meeting of Shareholders 2013 (07/03/2013)

>   QCC: Dissolving of Khanh Hoa Branch (07/03/2013)

>   TC6: Notice of record date for Annual General Meeting of Shareholders 2013 (07/03/2013)