SEC: Explanation for business result in Quarter 2/2013

Gia Lai Cane Sugar Thermoelectricity Joint Stock Company explained the reason causing the decrease of 49% in profit after tax of Quarter 2/2013 compared to Quarter 2/2012 as follows:

By: VND
Item	Quarter 2/2013	Quarter 2/2012	Difference amount	Difference ratio
(1)	(2)	(3)	4=(2)-(3)	5=(4)/(3)
Revenue from sales and services	186,854,244,288	223,957,305,117	(37,103,060,829)	-17%
Selling expense	4,632,836,978	1,315,781,544	3,316,055,434	252%
Administrative expense	5,424,326,575	3,682,716,251	1,741,610,324	47%
Profit after tax	10,861,737,877	21,443,422,644	(10,581,684,767)	-49%

Reason:

-         The selling quantity of sugar in Quarter 2/2013 decreased VND37 billion compared to Quarter 2/2012.

-         Selling expense in Quarter 2/2013 increased VND3.3 billion or 252% compared to Quarter 2/2012.

-         Administrative expense in Quarter 2/2013 increased VND1.7 billion or 47% compared to Quarter 2/2012.

HOSE

>   VNS: Announcement of the parent company’s revenue & profit (17/07/2013)

>   BTT: Revenue & profit in the first 6 months (17/07/2013)

>   HLG: Explanation for business result in Quarter 2/2013 (Parent company) (17/07/2013)

>   DLG: Changes in Business Registration Certificate of Subsidiary (17/07/2013)

>   ABC Bakery to build $4m factory (17/07/2013)

>   VPC: Explanation for negative profit after tax (17/07/2013)

>   VTV: Explanation for difference in financial statement Year 2012 before and after auditing (17/07/2013)

>   XMC: Explanation for difference in financial statement Year 2012 of holding company before and after auditing (17/07/2013)

>   PVX: Change in use of proceeds (17/07/2013)

>   VNT: Explanation for change of over 10 percent in operating result in 2012 (17/07/2013)