VPB: Explanation for the fluctuation of business results
VietNam Prosperity Joint Stock Commercial Bank has explained the fluctuation in the consolidated financial statements in Quarter 1 of 2020 as follows:
- The consolidated after-tax profit of the Bank and subsidiaries in Quarter 1/2020 was 2,313,995 million dongs, increasing 891,674 million dongs, equivalent to 62.69% compared to the profit after tax in Quarter 1/2019 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
996,263
14.18
Increase in profit thanks to the increase in net income from services
174,179
33.43
Increase in profit thanks to the increase in net income from foreign exchange and gold trading
36,824
(98.56)
Increase in profit thanks to the increase in net income from securities trading
215,804
8543.31
Increase in profit thanks to the increase in net income from securities investment
351,632
207.99
Increase in profit thanks to the increase in net income from other activites
168,119
59.47
Decrease in profit due to the increase in operating expense
(306,800)
10.31
Decrease in profit due to the increase in credit risk provision
(507,165)
15.83
Fluctuation in profit before tax
1,128,856
63.33
Increase/decrease in corporate income tax
(237,182)
65.84
Fluctuation in profit after tax
891,674
62.69
HOSE
> NHA: Information disclosure about the Documentary on a request for an extension of the Annual General Meeting of Shareholders 2020 (23/04/2020)
> MEL: Documentary of the Department of Planning and Investment on extending the Annual General Meeting of Shareholders 2020 (23/04/2020)
> NAG: Financial Statement Quarter 1/2020 (23/04/2020)
> MCO: Financial Statement Quarter 1/2020 (23/04/2020)
> MDC: Financial Statement Quarter 1/2020 (23/04/2020)
> MAS: Documentary of Da Nang Department of Planning and Investment on approving an extension of the Annual General Meeting of Shareholders 2020 (23/04/2020)
> MCC: Financial Statement Quarter 1/2020 (23/04/2020)
> L35: The Department of Planning and Investment approves an extension of the Annual General Meeting of Shareholders 2020 (23/04/2020)
> INC: The Department of Planning and Investment approves an extension of the Annual General Meeting of Shareholders 2020 (23/04/2020)
