PCS: Explanation for business result in Q4, 2013

Phoenix Securities Corporation explained business result in Q4/2013 compared to Q4/2012 as follows:

Item	Q4/2013	Q4/2012	Difference (%)
Profit before tax	-541,334,296	-428,129,892	-26.445
Current corporate income tax expenses	0	0
Profit after tax	-541,334,296	-428,129,892	-26.44

-         Revenue in Q4/2013 was VND127 billion, decreasing by 26.44% compared to the same period of 2012 because:

+         Revenue from consultancy activity in Q4/2013 was VND47,272,728, decreasing sharply compared to the same period of 2012.

HOSE

>   SHS: Explanation for business result in Q4, 2013 (22/01/2014)

>   STSC: Explanation for business result in Q4, 2013 (22/01/2014)

>   DAS: Explanation for business result in Q4, 2013 (22/01/2014)

>   HEV: Financial Statement Quarter 4/2013 (22/01/2014)

>   PGT: Financial Statement Quarter 4/2013 (22/01/2014)

>   PVR: Financial Statement Quarter 4/2013 (22/01/2014)

>   HPC: Financial Statement Quarter 4/2013 (22/01/2014)

>   PVG: Financial Statement Quarter 4/2013 (holding company) (22/01/2014)

>   TPH: Financial Statement Quarter 4/2013 (22/01/2014)

>   MAFPF1: NAV from 09 Jan 2014 to 16 Jan 2014 (22/01/2014)