HVG: Explanation for consolidated business result in Q1, 2014

Hung Vuong Corporation (stock code: HAG) would like to give the explanations on the fluctuations in business results in the consolidated financial statements for the 1st quarter of 2014 as compared to those for the 1st quarter of 2013 as follows:

Consolidated profit after tax in Q1-2014 increased VND15.408.054.939, equivalent to 11% compared to the same period of 2013 because:

-         Gross profit increased by 36% led to an increase of 75% of profit after tax.

-         Financial revenue decreased by 69%, financial expenses decreased by 17%, selling expenses increased by 84%, general and admin expenses increased by 6% lead to a decrease of 61% of profit after tax.

-         Other profit did not change significantly.

HOSE

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