RIC: Explanation for loss in 2013 and solutions

Royal International Corporation has explained announced explanation for loss in 2013 and solutions as follows:

-  Reasons for loss in 2013: In 2013, the company recorded expense of five-star hotel into the company’s operating expense according to the proposal of Deloitte Vietnam. In additional, the company recorded payment of tax arrears by the tax inspection from 2008 to 2013. Therefore, profit in 2013 was negative.

-  Solutions: focused on building a five-star hotel and officially operated as from January 01, 2014. Continued to search new customers, restructure personnel to increase revenue and profit.

HOSE

>   IDJ: Board Resolution (14/04/2014)

>   HBE: Explanation for the auditor\u2019s exception (14/04/2014)

>   PGS: General Mandate 2014 (14/04/2014)

>   BHC: Requested for explanation by HNX (14/04/2014)

>   CCM: Change in human resource (14/04/2014)

>   SGC: Change in key person (14/04/2014)

>   VKC: Information on shareholding of foreigner (11/04/2014)

>   PXS: Changes Investor Information (11/04/2014)

>   SDP: General Mandate 2014 (11/04/2014)

>   SPI: Board resolution (11/04/2014)