VNSC: Explanation for business result in Quarter 1.2013

Vina Securities Joint Stock Company explained profit after tax in Quarter 1.2013 decreased compared to in Quarter 1.2012:

-         Revenue in Quarter 1/2013 was VND1.1 billion, decreasing VND24.1 billion or (95%) compared to in Quarter 1/2012 because securities investment advisory contacts decreased.

-         Total cost in Quarter 1/2013 decreased VND8.2 billion or (56%) compared to in Quarter 1/2012 because expense from advisory decreased. Beside, VNSC decreased General and administration expense. But revenue decreased strongly so business result in Quarter 1/2013 was –VND5.2 billion.

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