VPB: Explanation for the fluctuation of Q2.2020 business results
VietNam Prosperity Joint Stock Commercial Bank has explained the fluctuation in the consolidated financial statements in Quarter 2 of 2020 as follows:
- The consolidated after-tax profit of the Bank and subsidiaries in Quarter 2 of 2020 was 2,951,022 million dongs, increasing 902,191 million dongs, equivalent to 44.03% compared to the profit after tax in Quarter 2 of 2019 because of the increase and decrease in the following items:
Item
Increase/decrease
million dongs
%
Increase in profit thanks to the increase in net interest income
274,410
3.70
Decrease in profit thanks to the decrease in net income from services
(25,254)
(3.54)
Decrease in profit thanks to the decrease in net income from foreign exchange and gold trading
(94,002)
(6801.88)
Decrease in profit thanks to the decrease in net income from securities trading
(36,985)
(68.89)
Decrease in profit thanks to the decrease in net income from securities investment
(10,907)
(10.22)
Decrease in profit thanks to the decrease in net income from other activities
(28,216)
(4.96)
Increase in profit due to the decrease in operating expense
488,460
(16.05)
Increase in profit due to the decrease in credit risk provision
545,900
(16.72)
Increase/decrease in profit before tax
1,113,406
43.49
Increase/decrease in corporate income tax
(211,215)
41.31
Increase/decrease in profit after tax
902,191
44.03
HOSE
> VIG: Financial Statement Quarter 2/2020 (24/07/2020)
> VIS: Changes in 17th Business Registration Certificate (24/07/2020)
> PVV: Financial Statement Quarter 2/2020 (holding company) (24/07/2020)
> PIS: Financial Statement Quarter 2/2020 (holding company) (24/07/2020)
> PVV: Financial Statement Quarter 2/2020 (24/07/2020)
> SJG: Correction of the contents of the minutes of the Annual General Meeting of Shareholders of 2020 and the Annual General Mandate 2020 (24/07/2020)
> TH1: Financial Statement Quarter 2/2020 (24/07/2020)
> SJG: Change in Business Registration Certificate (24/07/2020)
> TMC: Change in Business Registration Certificate (24/07/2020)
> HOSE: List of companies reminded about late disclosure of financial statements (24/07/2020)
