TYA: Explanation for business result in Quarter 1/2013

Taya (Vietnam) Electric Wire and Cable Joint Stock Company explained the difference in profit in head office between Quarter 1/2013 and Quarter 1/2012:

By: VND

	Quarter 1/2013	Quarter 1/2012	Difference	%
Net revenue	145,774,734,638	132,133,560,472	13,641,174,166	10.3
Gross profit	8,254,697,180	15,396,862,983	-7,142,165,803	-46.4
Profit after tax	1,424,246,290	7,484,785,579	-6,060,539,289	-81.0

-         Revenue in Quarter 1/2013 was VND145.77 billion, increasing 10.3% compared to in Quarter 1/2012. But profit after tax was VND1.42 billion, decreasing VND6.06 billion because copper prices in the world decreased strongly in March, 2013, leading to cost of goods sold increased. Therefore gross profit decreased.

-         Copper prices in January, 2013 was USD8,049.27/ ton, in February, 2013 was USD8,078.48/ ton, in March, 2013 was USD7,662.9/ ton.

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