TanCang Logistics and Stevedoring Joint Stock Company (TANCANG LOGISTICS JSC) has announced explanation for business result in quarter 2/2012 as follows:

- Profit after tax in quarter 2/2012 : 13,404,271,316 dongs

- Profit after tax in quarter 2/2011 : 19,835,199,059 dongs

- Decreased : 6,430,927,743 dongs

Reasons:

- In 2012, input expenses increased, especially expense from logistics activities in quarter 2/2012 was 20,627,514,594 dongs increasing 49.7% compared to 13,778,975,439 dongs of quarter 2/2011.

- Depreciation expenses in quarter 2/2012 was 14,596,509,350 increasing 84% compared to quarter 2/2011 (Depreciation expenses in quarter 2/2011 was 7,952,169,271 dongs).

- Interest expense in quarter 2/2012 was 5,191,448,785 dongs increasing 375% compared to quarter 2/2011 (1,093,988,549 dongs).

- Total expense in Quarter 2/2012 was 124,634,209,806 dongs against 89,939,693,199 dongs in quarter 2/2011 equivalent to increase of 38.58%. Total revenue in quarter 2/2012 was 141,988,632,561 dongs increasing 19.83% compared to 118,490,893,921 dongs of quarter 2/2011. Total profit in quarter 2/2012 decreased 32.42% or – 6,430,927,743 dongs compared to the same period of 2011.