HVS: Explanation for business result in Quarter 2.2014

HVS Vietnam Securities explained profit after tax in Quarter 2.2014 compared to in Quarter 2.2013:

By: thousand dongs

Item	Quarter 2.2014	Quarter 2.2013	Difference
			Value	Ratio %
Revenue	3,086,974	965,119	2,121,855	219,85%
Profit before tax	-538,190	-819,127	280,937	34,30%

-         Revenue increased because the firm organized VIF 2014 investment forum, but expense from VIF 2014 investment forum increased.

-         Financial income decreased because interest rate decreased.

-         Revenue from brokerage in 6 months of 2014 decreased.

HOSE

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