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VRE: Vincom Retail Joint Stock Company Vincom Retail Joint Stock Company has explained the movements of Quarter 4/2021 separate financial statements compared to the same period of last year as follows:
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Unit: VND million
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No.
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Item
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Quarter 4/2021
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Quarter 4/2020
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Difference
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%
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10
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Net revenue
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642,690
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1,980,108
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(1,337,418)
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-68%
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11
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Cost of goods sold
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417,867
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1,141,476
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(723,609)
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-63%
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|
20
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Gross profit
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224,823
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838,632
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(613,809)
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-73%
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|
21
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Financial income
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85,688
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118,905
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(33,217)
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-28%
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22
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Financial expense
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83,479
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152,512
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(69,033)
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-45%
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60
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Profit after tax
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86,990
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497,322
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(410,332)
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-83%
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The explanation for the movements of 10% or more:
− Net revenue in Quarter 4/2021 decreased by VND1,337 billion: (i) the revenue from real estate for rent and related services provision decreased by VND237 billion mainly due to rent exemption during the period of social distancing and support to reduce rent for tenants; (ii) the revenue from real estate transfer decreased by VND1,104 billion because the commercial townhouses being handed over in a smaller amount compare to the same period last year. The cost of goods sold and services decreased accordingly.
− Financial income decreased by VND33 billion because of the decrease in the gain from lending and investment.
− Financial expense declined by VND69 billion mainly thanks to the decrease in the early payment of VND2,600 billion bonds.
Therefore, the Company’s profit after tax decreased by VND410 billion compared to the same period last year due to the reasons above. HOSE
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