VST: Explanation for consolidated business result in Quarter 1/2013

Vietnam Sea Transport and Chartering Joint Stock Company (VITRANSCHART JSC) has announced explanation for business result in quarter 1/2013 as follows:

By: VND million

Item	Quarter 1/2013	Quarter 1/2012	Difference
			amount	%
Net revenue	274,132	201,139	-127,016	(32%)
In which: parent company	208,543	304,720	-96,177	(32%)
Total profit after tax	-42,658	-20,565	-22,097
In which: parent company	-43,234	-21,845	-21,389

-         Consolidated business result in Quarter 1/2013, loss was VND42.6 billion, decreasing VND 22 billion compared to in Quarter 1/2012, revenue decreased VND96 billion because:

-         The firm attributed its lower business results to an 8% on year fall in Baltic Dry Index, expenses for repairing ships, lower profit from subsidiaries.

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