VNM: Explanation for business result in Q2, 2014 of parent company

Viet Nam Dairy Products Joint Stock Company (Vinamilk) explained business result in Q2,2014 of parent company as follows:

Profit after tax in Q2/2014 decreased 15.8% compared to Q2/2013 because:

-        Cost of raw materials increased sharply, leading to cost of goods sold increased.

-        Vinamilk boosted purchasing power and held market share through implementing sales activities, promotion programs.

-        Corporate income tax of some plants increased.

HOSE

>   VCF: Resolution of Annual General Meeting (04/08/2014)

>   MCF: Reviewed financial statement 2014 (04/08/2014)

>   PPG: Financial Statement Quarter 2/2014 (holding company) (04/08/2014)

>   STP: Financial Statement Quarter 2/2014 (01/08/2014)

>   ST8: Announcement of changes in business license (01/08/2014)

>   VCB: Announcement of changes in business license (01/08/2014)

>   VIP: Announcement of changes in business license (01/08/2014)

>   MKV: Financial Statement Quarter 2/2014 (01/08/2014)

>   MAX: Financial Statement Quarter 2/2014 (01/08/2014)

>   SEC: The record date for the 2014 AGM (01/08/2014)