CCL: Explanation for business result in Quarter 2/2014

Cuu Long Petro Urban Development and Investment Corporation explained the fluctuation in profit after tax of Quarter 2/2014 compared to Quarter 2/2013 as follows:

By: VND
No.	Item	Quarter 2/2014	Quarter 2/2013	Percentage	Decrease ratio (%)
1	Total revenue	9,519,775,583	18,657,881,817	51.02%
2	Total expense	7,924,194,785	17,783,791,036	44.56%
3	Profit before tax	1,595,580,798	874,090,781	182.54%	82.54%
4	Profit after tax	1,251,660,561	750,811,927	166.71%	66.71%

Reason: The real estate market was still sluggish. This affected the Corporation’s business. Total revenue was 51.02% compared to Quarter 2/2013 but profit after tax increased 66.71% compared to Quarter 2/2013.

HOSE

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