TTF: Explanation for business results in Q1.2013 (Consolidated FS)

Truong Thanh Furniture Corporation explained the difference in consolidated revenue and profit between Quarter 1/2013 and Quarter 1/2012 as follows:

By: VND million

	Quarter 1/2013	Quarter 1/2012	Compared
Net revenue	562,918	806,640	-30%
Gross profit	73,222	90,420	-19%
Profit after tax	1,288	3,179	-59%

-         Revenue in Quarter 1/2013 decreased 30% because of capital difficulties, leading TTF đi not complete progress. Besides, subsidiaries in forest industry have not gained revenue from their products.

-         Gross profit in Quarter 1/2013 decreased 19%

-         Profit after tax in Quarter 1/2013 decreased 59% because revenue decreased strongly and subsidiaries in forest industry have not gained revenue from their products. While TTF had paid interest expense.

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