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VPB: Explanation for the fluctuations of profit after tax in 2021 VietNam Prosperity Joint Stock Commercial Bank has explained the fluctuations of profit after tax in 2021 compared to the same period of 2020 as follows:
The Bank’s separate profit after tax in 2021 was 31,087,583 million dongs, increase by 23,642,454 million dongs, equivalent to 317.56% compared to the same period of 2020. The consolidated profit after tax of the Bank and subsidiaries in 2021 was 11,477,170 million dongs, increase by 1,063,410 million dongs, equivalent to 10.21% compared to the same period of 2020, mainly because of the fluctuations in income and expenses in the following items:
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Item
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Increase/Decrease (million dongs)
|
|
Separate
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consolidated
|
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The increase in profit thanks to the increase in net interest income
|
4,407,934
|
2,003,006
|
|
The increase in profit thanks to the increase in net income from services
|
581,182
|
702,904
|
|
The increase in profit thanks to the increase in net income from foreign exchange and gold trading
|
118,457
|
230,813
|
|
The decrease in profit due to the decrease in net income from securities trading
|
(217,587)
|
(217,587)
|
|
The increase in profit thanks to the increase in net income from securities investment
|
1,980,135
|
1,980,135
|
|
The increase in profit thanks to the increase in net income from other activities
|
252,007
|
571,627
|
|
The increase/decrease due to the increase/decrease in income from capital contribution to buy shares
|
23,948,332
|
(2,537)
|
|
The increase in profit due to the decrease in operating expenses
|
306,790
|
673,084
|
|
The decrease in profit due to the increase in credit risk provision
|
(2,721,922)
|
(4,597,130)
|
|
Changes in profit before tax
|
28,655,328
|
1,344,315
|
|
Changes in Corporate income tax
|
(5,012,874)
|
(280,905)
|
|
Changes in profit after tax
|
23,642,454
|
1,063,410
|
HOSE
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