VHC: Explanation for business result in Q1/2013

Vinh Hoan Corporation has explained the difference in business result between Quarter 1/2013 and Quarter 1/2012:

By: VND

	Quarter 1/2013	Quarter 1/2012	Difference (%)
Net revenue	1,092,642,837,623	881,920,278,752	+23.89%
Profit after tax of the parent company	45,763,652,453	33,151,904,487	+38.04%

The profit after tax decreased mainly because the parent company’s profit inxreased, and the reasons were explained as follows:

-          Financial income increased because of income from short term investment.

-          Interest rate decreased.

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