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VHM: Explanation for the financial statements in Q2.2021 Vinhomes Joint Stock Company explained has the movements of the Explanation for the financial statements in Q2.2021 compared to the same period of last year as follows:
Unit: million dongs
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Q2.2021
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Q2.2020
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Increase/ decrease
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%
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Profit after tax in the separate financial statements
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7,854,510
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298,711
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7,555,799
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2.529%
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Profit after tax in the consolidated financial statements
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10,302,846
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3,416,256
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6,886,590
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202%
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The Company’s profit after tax according to the separate financial statements in Quarter 2/2021 increased by 7,556 billion dongs, equivalent to the increase of 2.529% compared to Quarter 2/2020 due to the financial income increased by 7,070 billion dongs thanks to dividend income and income from investment & business cooperation contracts.
The Company’s profit after tax according to the consolidated financial statements in Quarter 2/2021 increased by 6,887 billion dongs, equivalent to the increase of 202% compared to Quarter 2/2020 mainly thanks to the following causes:
- Gross profit from sales and services increased by 7,932 billion dongs mainly thanks to profit from property transfer;
- Corporate income tax expenses increased by 1,822 billion dongs compared to the same period of last year mainly due to the increase in profi.
HOSE
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