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VIC: Explanation for the fluctuation of business result Vingroup Joint Stock Company explains the fluctuation more than 10% in its 2019 financial statements compared to the same period of 2018 as follows:
Unit: million dongs
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No.
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Item
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2019
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2018
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Difference
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% +/-
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1
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Profit after tax in the separate financial statements
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4,323,229
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3,545,273
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777,956
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21.9%
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2
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Profit after tax in the consolidated financial statements
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7,716,613
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6,237,893
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1,478,720
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23.7%
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- The profit after tax in the separate financial statements of Vingroup Joint Stock Company in 2019 increased 21.9% compared to 2018 mainly thanks to the growth in the financial income after the clearance sale of investments.
- The profit after tax in the consolidated financial statements of Vingroup Joint Stock Company in 2019 increased 23.7% compared to 2018 mainly thanks to the following causes:
- Gross profit from sales and services rose 8,601 billion dongs, or 29.7%, because of the increase in profit from real estate transfer and retail sales in the period.
- Financial income went up 6,522 billion, or 87.2%, mainly because of the profit from the transfer of financial investment and subsidiaries;
- Financial expenses increased 3,272 billion, or 66.7% compared to 2018, mainly due to the increase of interest expenses;
- Administrative and selling expenses increased 4,136 billion dongs and 5,310 billion dongs in turns because the Group expanded business activities.
HOSE
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