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VHM: Explanation for the semi-annual financial statements Vinhomes Joint Stock Company explained the fluctuation in business performance in the financial statements in the first six months of 2021 as follows:
Unit: million dongs
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First six months of 2021
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First six months of 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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7,842,587
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808,886
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7,033,701
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870%
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Profit after tax in the
consolidated financial statements
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16,049,897
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11,061,322
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4,988,575
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45%
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According to the separate financial statements, the profit after tax in the first six months of 2021 increased by 7,034 billion dongs, equivalent to 870% compared to the first six months of 2020, mainly thanks to a rise of 6,570 billion dongs in financial income. The financial income mainly includes incomes from dividends and cooperation agreements.
According to the consolidated financial statements, the profit after tax in the first six months of 2021 grew by 4,989 billion dongs, equivalent to 45% compared to the first six months of 2020, mainly thanks to the following causes:
- Gross profit rose 11,288 billion dongs because of an increase in income from real estate transfer;
- Financial income decreased by 6,565 billion dongs due to a decrease in income from investment transfers. HOSE
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