VQSC: Explanation for business result in Quarter 3/ 2013

Viet Quoc Securites Corporation’s profit after tax in Quarter 3/ 2013 was higher than in the same period of 2012 because of the fall off of revenue and expenses:

-         Total revenue decreased VND3,260,309,970 because brokerage revenue, consulting revenue decreased.

-         Securities operating costs decreased VND 4,506,597,215.

-         General and administrative expenses decreased VND 6,465,207,295.

-         Profit before tax increased VND 8,310,067,117 because the decrease in expenses was more than the decrease in revenue.

Therefore, profit after tax increased VND 8,310,067,117.

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