FSC: Explanation for consolidated business result in Quarter 4.2013

The First Securities Joint Stock Company has announced explanation for business result in Quarter 4/2013 as follows:

By: VND

Item	Quarter 4/2013	Quarter 4/2012	Difference
			amount	%
Net revenue	27,827,078,677	10,656,213,504	-17,170,865,173	-161.13%
Expenses	8,748,892,392	19,097,297,176	10,348,404,784	54.19%
Net profit	19,078,186,285	-8,441,083,672	-27,519,269,957	326.02%
Other income	1,715,681	1,014	-1,714,667	-169.099%
Other expense	0	2,642,382,348	2,642,382,348	100%
Total profit after tax	19,079,901,966	-11,083,465,006	-30,163,366,972	272.15%

Reason:

-         Revenue in Quarter 4/2013 mainly was revenue from securities investment and consulting, but in Quarter 4/2012 was not revenue from securities investment and consulting.

-         Expenses in Quarter 4/2012 mainly were expense from provision for devaluation of stocks and trading expense.

HOSE

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