VST: Explanation for consolidated business result in 2012

Vietnam Sea Transport and Chartering Joint Stock Company (VITRANSCHART JSC) has announced explanation for business result in 2012 as follows:

By: VND million

Item	2012	2011	Difference
			amount	%
Net revenue	1,519.69	1,895.83		81.75%
Total profit after tax	-124.97	1.09

Consolidated business result in 2012, loss was VND124.97 billion, reason:

Demand for transport by sea in 2012 decreased, BDI index decreased strongly, BDI average index was 920.4 point, decreasing 40% compared to in 2011.

Besides, freight price decreased, revenue decreased, while expenses was high (fuel costs 47.59% of revenue from transportation.

In 2011, other revenue was 239 billion dongs because the company liquidated 03 ships.

HOSE

>   SDD: Financial Statement FY 2012 (10/04/2013)

>   SDH: Financial Statement FY 2012 (holding company) (10/04/2013)

>   SD4: Financial Statement FY 2012 (10/04/2013)

>   SD5: Financial Statement FY 2012 (consolidated) (10/04/2013)

>   SCJ: Notice of record date for Annual General Meeting of Shareholders 2013 (10/04/2013)

>   LTC: Financial Statement FY 2012 (holding company) (10/04/2013)

>   ALT: Explanation for difference in financial statement 2012 before and after auditing (10/04/2013)

>   VDSE: Information on Annual Report 2012 (10/04/2013)

>   BBS: Results of General Meeting of Shareholders 2013 (10/04/2013)

>   NVB: Notice of record date for General Meeting of Shareholders 2013 (10/04/2013)