PDR: Explanation for the separate financial statements in Q1.2023

Phat Dat Real Estate Development Corp explained the business result in Quarter 1/2023 according to the separate financial statements in Quarter 1/2023 with details as follows:

         The profit after tax in Quarter 1/2023 decreased compared to Quarter 1/2022:

-          Profit after tax in Quarter 1/2022: 294,923,490,910 dongs

-          Profit after tax in Quarter 1/2023:   33,461,634,494 dongs

Following are the main reasons:

-          Due to the general difficulties of the whole market, especially the real estate industry. So, the company’s investment and business in real estate are not favorable.

-          Due to the company’s investment restructuring strategy.

Therefore, the Company’s profit after tax in Quarter 1/2023 decreased by 88.65% (equivalent to VND261,461,856,416 dongs) compared to Quarter 1/2022.

HOSE

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