FSC: Explanation for consolidated business result in Quarter 1.2013

Vietnam Sea Transport and Chartering Joint Stock Company (VITRANSCHART JSC) has announced explanation for business result in Quarter 1/2013 as follows:

By: VND million

Item	Quarter 1/2013	Quarter 1/2012	Difference
			amount	%
Revenue,  in which	8.996	16.137	-7.141	-44.25%
Revenue from customers trading	3.889	3.185	704	22.10%
Revenue from investment and capital contribution	1.684	7.684	-6.000	-78.08%
Other revenue	3.423	5.268	-1.845	-35.02%
Expenses	4.989	3.989	1.000	25.07%
Expense from customers trading	2.935	2.303	632	27.44%
Other expense	2.054	1.686	368	21.83%
Total profit after tax	4.007	12.148	-8.141	-67.02%

Reason:

I.   Revenue in Quarter 1/2013 decreased VND7.141 million or (44.25%) compares to in Quarter 1/2012, in which:

1.  Revenue from securities investment and capital contribution decreased VND6.000 million because revenue from securities investment and capital contribution in Quarter 1/2012 was higher than in Quarter 1/2013.

-         Dividend: VND2,000 million

-         Delayed  provisions: VND4,000 million

2.   Other income decreased VND1,845 million because interest decreased.

3.   Revenue from customers trading increased VND704 million

II.   Expenses in Quarter 1/2013 increased VND1,000 million or (25.07%) compared to in Quarter 1/2012, in which:

1.   Expense for customers trading increased VND632 million

2.   Other expense increased VND 368 million because salary fund increased

HOSE

>   HSG: Estimated consolidated business results in March and the first 6 months (15/04/2013)

>   LCG: Explanation for business result in 2012 of parent company (15/04/2013)

>   GAS: information on the 2012 Annual Reports (15/04/2013)

>   HQC: Resolution on contents of the AGM 2013 (15/04/2013)

>   SAV: Link to the document for the 2013 Annual General Meeting (15/04/2013)

>   VST: VST delays AGM 2013 (15/04/2013)

>   PDN: Reminded to submit Annual Report 2012 (15/04/2013)

>   PNC: Link to the document for the 2013 Annual General Meeting (15/04/2013)

>   ARM: Change in time for AGM 2013 (15/04/2013)

>   VDL: Notice of record date for Annual General Meeting of Shareholders (15/04/2013)