VST: Explanation for consolidated business result in Quarter 2/2014

Vietnam Sea Transport And Chartering Joint Stock Company (VITRANSCHART JSC) has announced explanation for business result in quarter 2/2014 as follows:

By: VND million

Item	Quarter 2/2014	Quarter 2/2013	Difference
			Value	%
Total revenue	355,530	371,826	-16,296	-4%
(parent company)	239,898	262,169	-22,271	-8.5%
Total profit after tax	-43,942	-104,866	60,924
(parent company)	-45,203	-105,207	60,004

1)     Revenue from ship term  in Quarter 2/2014 decreased more than VND 21 billion  or 9% compared to in Quarter 2/2014.

2)     Cost of good sold decreased strongly:

-         Depreciation expenses in Quarter 2/2014 decreased VND44 billion

-         The firm rent ship, leading to fuel costs decreased.

3)     Profit from subsidiaries was VND1,261 million, incresing VND341 million.

HOSE

>   PGS: Financial Statement Quarter 2/2014 (consolidated) (25/07/2014)

>   PPE: Financial Statement Quarter 2/2014 (25/07/2014)

>   NAG: Financial Statement Quarter 2/2014 (25/07/2014)

>   MNC: Financial Statement Quarter 2/2014 (holding company) (25/07/2014)

>   NBC: Financial Statement Quarter 2/2014 (25/07/2014)

>   NPS: Financial Statement Quarter 2/2014 (25/07/2014)

>   NTP: Financial Statement Quarter 2/2014 (holding company) (25/07/2014)

>   MNC: Financial Statement Quarter 2/2014 (holding company) (25/07/2014)

>   MAC: Financial Statement Quarter 2/2014 (25/07/2014)

>   NAG: Financial Statement Quarter 2/2014 (25/07/2014)