SHI: Explanation for the profit of Quarter 2/2013

Son Ha International Corporation explained fluctuations in business results of Quarter 2/2013 compared to Quarter 2/2012, based on the comprehensive financial statements of Quarter 2/2013:

-         Revenue: In Quarter 2/2013, SHI’s revenue decreased 31% compared to the same period of 2012 mainly because in Quarter 2/2013, raw material prices decreased and economic difficulties, leading to revenue from selling domestic decreased.

-         Cost of goods sold: SHI’s cost of goods sold in Quarter 2/2013 decreased 31% compared to Quarter 2/2012.

-         Financial income: Financial income increased 27% from the same period of last year because foreign exchange increased.

-         Financial expense: Financial expense decreased 49% compared to Quarter 2/20132 because of the following reasons interest expense decreased 77% or VND16.5 billion and foreign exchange increased.

-         Selling expense: Selling expense increased 9% compared to the same period of 2012 because of increases in wage expense, petroleum expense and ads expense.

-         Administrative expense: Administrative expense rose 7% against Quarter 2/2012.

-         Profit after tax: Profit after tax in Quarter 2/2013 decreased 784% compared to Quarter 2/2012.

HOSE

>   PTM: Reviewed financial statement 2013 (21/08/2013)

>   PVS: Reviewed financial statement 2013 (holding company) (21/08/2013)

>   SJE: Reviewed financial statement 2013 (holding company) (21/08/2013)

>   SJE: Reviewed financial statement 2013 (consolidated) (21/08/2013)

>   SIC: Reviewed financial statement 2013 (21/08/2013)

>   BT6: Explanation for business result in Quarter 2/2013 (consolidated) (21/08/2013)

>   FCN: Explanation for consolidated business result in Quarter 2/2013 (21/08/2013)

>   FPT: Explanation for business result in Quarter 2.2013 (21/08/2013)

>   PTB: Revenue & Profit in July 2013 (21/08/2013)

>   SAV: Explanation for business result in Q2.2013 (21/08/2013)