HLG: Explanation for business result in Q4, 2013

Hoang Long Group explained business result in Q4/2013 compared to Q4/2012 as follows:

-         Profit after tax in Q4/2013 was a loss of VND152,652,663,311, decreasing VND113,612,312,833 compared to the same period of 2012 because member companies appropriated provision for bad debts of VND23,890,546,465 and provision for devaluation of inventories of VND56,206,496,579. Besides, price of raw materials increased sharply while export price did not increase.

HOSE

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>   CAP: Financial Statement FY 2013 (20/02/2014)

>   AAA: Financial Statement Quarter 4/2013 (20/02/2014)

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>   SMT: Financial Statement FY 2013 (20/02/2014)