CMV: Explanation for business result in Q2.2013

Camau Trading Joint Stock Company (CAMEX) has explained the fluctuation in business results in Quarter 2/2013 compared to Quarter 2/2012:

-         According to the Quarter 2/2013 financial statements of parent company:

+         Revenue in Quarter 2/2013 was 976,470,591,880 dongs, decreasing 3.42%.

+         Profit before tax in Quarter 2/2013 was 8,947,154,013 dongs, decreasing 67.49%.

-         According to the Quarter 2/2013 consolidated financial statements:

+         Revenue in Quarter 2/2013 was 1,063,542,348,728 dongs, decreasing 3.29%.

+         Profit before tax in Quarter 2/2013 was 5,689,072,438 dongs, decreasing 44.93%.

-         Reason:

+         Market competition is increasingly fierce.

+         Revenue from commissions decreased.

+         General and administration expense and financial expense increased because the firm made a provision for debt.

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