HDA: Explanation for change in operation result Quarter II.2013

DONG A Paint JSC explains the change in profit after tax in Quarter II.2013 year on year as follows:

                                                                                                                   Unit: VND

The profit after tax in Quarter II.2013 was VND 1,908,460,523, decreased by VND 2,304,546,997 which was 54.5% year on year because:

The Net revenue in Quarter II.2013 was not as expected, whereas: Revenue of Quarter II.2013 was VND 24,049,894,127, decreased by VND 1,651,624,690 which was 6.4% year on year.

On the other hand, the company was in the process of developing new brand name, debuted in the past year. Therefore the sales expenses such as: Discount expense, customer service, advertising expense increased strongly compared with last term. Those were the reasons why the profit after tax decreased year on year.

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