TDC: Explanation for business results in quarter 1/2013

Binh Duong Trade and Development Joint Stock Company (TDC) has explained business results in quarter 1/2013 compared to quarter 1/2012 as follows:

By: VND

No.		Quarter 1/2013	Quarter 1/2012	Reports	Different
1	Profit after tax	2,603,166,166	-1,113,643,679	Financial statement of parent company	333.75
2	Profit after tax	4,008,522,707	976,558,395	General Financial statement	310.47
3	Profit after tax of the parent company’s shareholder	2,258,557,658	4,344,908,271	Consolidated Financial statement	-48.01

-         Reason:

+        Revenue from real estate business sector increased strongly

+        Consolidated profit after tax in Quarter 1/2013 decreased 48.01% because the company reversed inventories in Quarter 1/2012. While inventories in Quarter 1/2013 had not reversed.

HOSE

>   CTI: Resolution of AGM 2013 (22/05/2013)

>   CMV: Explanation for business result in Q1.2013 (parent company) (22/05/2013)

>   PJC: Financial Statement Quarter 1/2013 (22/05/2013)

>   ICG: Time and Place for Annual General Meeting of Shareholders 2013 (3rd time) (22/05/2013)

>   IMP: Resolution of Annual General Meeting 2013 (22/05/2013)

>   CTX: Dissolution of Branch in Hanoi (22/05/2013)

>   SJE: Time and Place for Annual General Meeting of Shareholders 2013 (22/05/2013)

>   MCG: Resolution of AGM 2013 (22/05/2013)

>   THG: Resolution of Annual General Meeting 2013 (22/05/2013)

>   TVD: Report on use of proceeds (22/05/2013)