HAG: Explanation for business results in Quarter 3/2013 (Consolidated FS)

HAGL Joint Stock Company (HAGL) has explained fluctuation of business results in Quarter 3/2013 compared to Quarter 3/2012 as follows:

-         Profit before tax in Quarter 3/2013: 238,096,982 thousand dongs

-         Profit before tax in Quarter 3/2012: 176,528,763 thousand dongs

-         Reasons:

1.   Business:

-         Revenue from selling in Quarter 3/2013 decreased VND1,798 billion compared to in Quarter 3/2012 ( In Quarter 3/2012: VND2,398 billion,  Quarter 3/2013: VND600 billion) because:

+         Revenue from selling apartments in Quarter 3/2013 decreased VND2,063billion compared to in Quarter 3/2012 ( In Quarter 3/2012: VND2,135 billion,  Quarter 3/2013: VND72 billion) because An Tien project had finished and had revenue in Quarter 3/2012.

+         Revenue from constructions contacts in Quarter 3/2013 increased VND233 billion compared to in Quarter 3/2012 (In Quarter 3/2012: VND22 billion, Quarter 3/2013: VND255 billion).

+         Revenue from latex rubber in Quarter 3/2013 was VND62 billion.

+         Cost of goods sold in Quarter 3/2013 decreased VND1,618 billion compared to in Quarter 3/2012 (In Quarter 3/2012: VND2,002 billion, Quarter 3/2013: VND384 billion) because:

+         Cost of goods sold from selling apartments in Quarter 3/2013 decreased VND1,715 billion compared to in Quarter 3/2012 ( In Quarter 3/2012: VND1,764 billion,  Quarter 3/2013: VND49 billion).

+         Cost of goods sold from constructions contacts in Quarter 3/2013 increased VND104billion compared to in Quarter 3/2012 (In Quarter 3/2012: VND19 billion, Quarter 3/2013: VND123billion).

+         Gross profit from selling in Quarter 3/2013 decreased VND180 billion compared to in Quarter 3/2012.

2.   Financial:

-         Financial incomes in Quarter 3/2013 increased VND232 billion compared to in Quarter 3/2012 (In Quarter 3/2012: VND78 billion, Quarter 3/2013: VND310 billion).

-         Mainly because  the firm transferred shares of Hoang Anh Gia Lai Wood SJC, Minh Thanh Co., Ltd. leading to financial income was VND208 billion.

-         Financial expenses in Quarter 3/2013 increased VND48 billion compared to in Quarter 3/2012 (In Quarter 3/2012: VND133 billion, Quarter 3/2013: VND181 billion) because interest expense increased VND54 billion and other expense decreased VND7 billion.

HOSE

>   BSC: BSC adjusts the decision on branch establishment (19/11/2013)

>   ASIAGF: NAV from 07 Nov 2013 to 14 Nov 2013 (19/11/2013)

>   MAFPF1: NAV from 07 Nov 2013 to 14 Nov 2013 (19/11/2013)

>   VFMVF4: NAV from 07 Nov 2013 to 14 Nov 2013 (19/11/2013)

>   DPC: Explanation for the change of over 10% in operating result in QI.2013 compared to QI.2012 (19/11/2013)

>   GFC: Cancellation of record dated for AGM of shareholders 2013 (19/11/2013)

>   GGG: Result of 1st AGM, Time and Place for 2nd AGM (19/11/2013)

>   INN: Financial Statement Quarter 3/2013 (19/11/2013)

>   DZM: Financial Statement Quarter 3/2013 (19/11/2013)

>   VOS: Explanation for business result in Q3, 2013 (19/11/2013)