VIET NHAT SEAFOOD CORPORATION explained the fluctuation in consolidated business result between Quarter 3/2012 and Quarter 3/2011:

- Gross profit in Quarter 3/2012 was VND3,197,521,874, decreasing VND2,382,739,308 compared to in Quarter 3/2011 (VND5,580,261,182) Reason:

+ Input expenses in Quarter 3/2012 increased 22% compared to in Quarter 3/2011, but price of product increased 5%. Besides, salary fund increased 25%.

+ Financial income in Quarter 3/2012 was VND766,601, decreasing VND1,350,697 compared to in Quarter 3/2011 (VND2,117,298) because of interest from bank deposits.

+ Financial expenses in Quarter 3/2012 was VND577,036,302, decreasing VND687,312,411 compared to in Quarter 3/2011 (2,029,183,208) because of interest expenses in Quarter 3/2012 decreased 5.6% compared to in Quarter 3/2011.

+ Selling expenses in Quarter 3/2012 was VND577,036,302, decreasing VND91,639,665 compared to in Quarter 3/2011 (668,675,967).

+ General and administration expenses in Quarter 3/2012 was VND924,842,268, decreasing VND246,963,731 compared to in Quarter 3/2011 (VND1,171,805,999), because office management expenses went down.

+ Other expenses in Quarter 3/2012 was VND52,411,812, decreasing VND110,781,687 compared to in Quarter 3/2011 (VND163,193,499).

+ Profit before tax in Quarter 3/2012 was VND302,127,296, decreasing VND1,247,392,511 compared to in Quarter 3/2011 (VND1,549,519,807).

+ Profit after tax in Quarter 3/2012 decreased VND912,884,836 compared to in Quarter 3/2011.