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MWG: Explanation for Q2.2020 financial statements Mobile World Investment Corporation explained the change over 10% between the financial statements in Quarter 2 of 2020 compared to the Quarter 2 of 2019 as follows:
a) Explanation for the consolidated financial statements in Quarter 2 of 2020 compared to the Quarter 2 of 2019:
The consolidated profit after tax in Quarter 2 of 2020 was 894 billion dongs, down 17% compared to the Quarter 2 of 2019 (1,080 billion dongs). The consolidated profit after tax in accumulation 6 months of 2020 was 2,207 billion dongs, down 4% compared to the accumulation 6 months of 2019 was 2,121 billion dongs. With this result, the company has completed 59% of the profit plan of 2020.
Reason: Since the second quarter of this year, the Company has been affected by the Covid-19 epidemic, especially the disruption of operations at hundreds of stores in April to coordinate the prevention of disease at the request of state agencies.
b) Explanation for the separate financial statements in Quarter 2 of 2020 compared to the Quarter 2 of 2019:
The parent company profit after tax in Quarter 2 of 2020 was 2,298 billion dongs, up 359% compared to the Quarter 2 of 2019 (501 billion dongs). The parent company’s profit after tax in accumulation 6 months of 2020 was 3,097 billion dongs, up 88% compared to the accumulation 6 months of 2019 was 1,651 billion dongs.
Reason: Income from dividends of parent company in the Quarter 2 of 2020 was 2,298 billion dongs (Quarter 2 of 2019 was 501 billion dongs). Accumulation in first 6 months of 2020, income from dividends of parent company was 3,098 billion dongs (first 6 months of 2019 was 1,650 billion dongs). HOSE
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