PGC: Explanation for business result in Q1.2013

Petrolimex Gas Corporation – JSC explained the fluctuation of profit in Quarter 1/2013 compared to Quarter 1/2012 as follows:

By: VND

	Quarter 1/2013	Quarter 1/2012	Difference	% increase/ decrease
Profit after tax of the parent company	20,486,267,448	17,712,865,027	2,773,402,421	16%
Consolidated profit after tax	20,445,072,910	16,456,536,849	3,988,536,061	24%

-         Profit in Quarter 1/2013 increased sharply compared to the same period of 2012 because of the following reasons:

+         In Quarter 1/2013, Petrolimex Gas Corporation – JSC had the advantage of cash flow, so it used financial instruments to increase profit.

+         Besides, the Corporation continued implementing cost-reduction policies to improve business performance.

HOSE

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