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VPB: Explanation for the fluctuation of business results in the first half VietNam Prosperity Joint Stock Commercial Bank has explained the fluctuation in the consolidated financial statements in the first six months of 2020 compared to the same period of 2019 as follows:
- The consolidated after-tax profit of the Bank and subsidiaries in the first six months of 2020 was 5,265,017 million dongs, increasing 1,793,865 million dongs, about 51.68% of the profit in the first six months of 2019 because of the increase and decrease in incomes and expenses:
|
Item
|
Increase/decrease
|
|
million dongs
|
%
|
|
Increase in profit because of the increase in net interest income
|
1,270,672
|
8.79
|
|
Increase in profit because of the increase in net income from services
|
148,926
|
12.07
|
|
Decrease in profit because of the decrease in net income from foreign exchange and gold trading
|
(57,178)
|
158.92
|
|
Increase in profit because of the increase in net income from securities trading
|
178,819
|
318.13
|
|
Increase in profit because of the increase in net income from securities investment
|
340,725
|
123.53
|
|
Increase in profit because of the increase in net income from other activities
|
139,903
|
16.44
|
|
Increase in profit because of the decrease in operating expense
|
181,660
|
(3.02)
|
|
Increase in profit because of the decrease in credit risk provision
|
38,735
|
(0.60)
|
|
Increase/decrease in profit before tax
|
2,242,262
|
51.63
|
|
Increase/decrease in corporate income tax
|
(448,397)
|
51.45
|
|
Increase/decrease in profit after tax
|
1,793,865
|
51.68
|
HOSE
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