HLA: Explanation for business result in Quarter III/2011

HLA: Explanation for business result in Quarter III/2011

Huu Lien Asia Corporation (HOSE: HLA) explained the business result in Quarter III/2011 compared to Quarter III/2010:

- Profit after tax in Quarter III/2011: VND11,451,106

- Profit after tax in Quarter III/2010: VND8,433,699,316

- Difference: (VND8,422,248,210)

Reasons:

- Items increasing profit:

- Increase in revenue: VND633,967,457,025

- Increase in financial income: VND3,337,994,001

- Decrease in other expenses: VND831,778,917

- Decrease in current corporate income tax: VND351,217,116

- Decrease in deferred corporate income tax: VND2,215,244,344

Total: VND640,703,691,403 (1)

- Items decreasing profit:

- Increase in cost of goods sold: VND630,910,694,268

- Increase in financial expense: VND10,763,008,569

- Increase in selling expense: VND5,245,069,744

- Decrease in financial income: VND1,780,076,916

- Decrease in other income: VND427,090,116

Total: VND649,125,939,613 (2)

(1) – (2): (VND8,422,248,210).

HOSE