HAG: Explanation for business results in Quarter 1/2013 (parent company)

HAGL Joint Stock Company (HAGL) has explained fluctuation of business results in Quarter 1/2013 compared to Quarter 1/2012 as follows:

-         Profit before tax in Quarter 1/2013: 8,773,437 thousand dongs

-         Profit before tax in Quarter 1/2012: 15,205,795 thousand dongs

-         Reasons:

+         Revenue: revenue in Quarter 1/2013 was 284 billion dong, decreased 34 billion dongs compared to the same period of last year (in Quarter 1/2012: 318 billion dongs).

+         Revenue from selling and service supply mainly revenue from selling materials and equipment to Subsidiaries. Revenue in Quarter 1/2013 was 176 billion dong, decreased 70 billion dongs compared to the same period of last year because the company decreased the number of subsidiaries.

+         Financial income in Quarter 1/2013 increased 23 billion dongs compared to the same period of last year (in Quarter 1/2012: 283 billion dongs) mainly because Interest income from loans to subsidiaries in Quarter 1/2013 increased 59 billion dongs Financial expenses in Quarter 1/2013 increased 39 billion dongs compared to the same period of last year (in Quarter 1/2012: 282 billion dongs, mainly because Interest expenses went up.

HOSE

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