HVG: Explanation for consolidated business result in Q1/2013

Hung Vuong Corporation explained the fluctuation in consolidated business result in Quarter 1/2013 decreased 13% compared to in Quarter 1/2012 as follows:

-         According to consolidated financial statements in Quarter 1/2013:

-         In Quarter 1/2013, HVG’s ownership structure changed compared to the same period of last year:

+         HVG bought stocks of Tacn Viet Thang Join Stock Company (55.31%)

+         HVG sold stocks of Hung Vuong Long Co, Ltd. (31.67%)

+         HVG sold stocks of Hung Vuong Sa Dec Co, Ltd. (11.67%)

Therefore, income of minorities shareholder increased, profit after tax of parent company decreased.

HOSE

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