HPG: Explanation for business result in Q2/2013

Hoa Phat Group Joint Stock Company explained the fluctuation in business result between Quarter 2/2013 and Quarter 2/2012:

Profit after tax in Quarter 2/2013 was VND532 billion, increasing 1.55 times compared to VND343 billion in Quarter 2/2012, because:

-          Financial expense decreased: interest decreased from 13% in Quarter 2/2012 to 7% in Quarter 2/2013.

-          Steel market difficulties, but revenue from steel of Hoa Phat Group Joint Stock Company was stable.a

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