BMI: Explanation for business result in Quarter 2/2013

Baominh Insurance Corporation has explained the fluctuation in business result in Quarter 2/2013 compared to Quarter 2/2012:

By: million dongs

	Quarter 2/2013	Quarter 2/2012	Comparison (%)
A	1	2	3=1/2
Net revenue	466,135	471,828	98.79%
Selling expense	377,939	323,103	104.59%
Administrative expense	129,404	144,065	89.82%
Net operating profit	-1,209	4,660	(25.94%)
Financial profit	17,408	32,131	54.18%
Profit before tax	16,115	37,277	43.23%
Profit after tax	18,082	38,963	46.41%

-         Net revenue in Quarter 2/2013 decreased 1.21% compared to Quarter 2/2012, while total expense decreased 4.59% and administrative expense decreased 10.18%.

-         In Quarter 2/2013, the Company had net operating loss of VND1,209 million, decreasing  compared to profit in Quarter 2/2012 because the company made reserve for bad debts: VND19,949 million.

-         Financial income in Quarter 2/2013 decreased compared to in Quarter 2/2012 because of difficulties of economy.

-         Total profit in Quarter 2/2013 was VND16,115, decreasing compared to the same period of last year.

HOSE

>   COM: Explanation for business result in Q2.2013 (24/07/2013)

>   DHA: Explanation for business result in quarter 2/2013 (24/07/2013)

>   BCE: Explanation for business result in Q2/2013 (24/07/2013)

>   HPG: Business results in the first 06 months of 2013 (24/07/2013)

>   L35: Financial Statement Quarter 2/2013 (24/07/2013)

>   LUT: Financial Statement Quarter 2/2013 (24/07/2013)

>   PRUBF1: NAV from 11 Jul 2013 to 18 Jul 2013 (24/07/2013)

>   VFMVF1: NAV from 11 Jul 2013 to 18 Jul 2013 (24/07/2013)

>   VFMVF4: NAV from 11 Jul 2013 to 18 Jul 2013 (24/07/2013)

>   MAFPF1: NAV from 11 Jul 2013 to 18 Jul 2013 (24/07/2013)