TTF: Explanation for business results in Q3.2013 (Consolidated FS)

Truong Thanh Furniture Corporation explained the difference in consolidated revenue and profit between Quarter 3/2013 and Quarter 3/2012 as follows:

By: VND million

	Quarter 3/2013	Quarter 3/2012	Compared
Net revenue	169,064	418,725	-60%
Gross profit	56,083	77,686	-28%
Profit after tax	1,116	12,393	-91%

-         Revenue in Quarter 3/2013 decreased 60% because of restructuring, leading TTF đi not complete progress. Besides, subsidiaries in forest industry have not gained revenue from their products.

-         Gross profit in Quarter 3/2013 decreased 28%

-         Profit after tax in Quarter 3/2013 decreased 91% because revenue decreased strongly and subsidiaries in forest industry have not gained revenue from their products. While TTF had paid interest expense.

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