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VIC: Explanation for the Quarter 1.2022 consolidated financial statements VINGROUP Joint Stock Company has explained the movements of Quarter 1/2022 consolidated financial statements compared to the same period of last year as follows:
The explanation for the movements of over 10%:
− Revenue decreased by 22% compared to the same period of last year mainly due to the decrease in the revenue from real estate, production activities. Gross profit decreased by 94% mainly due to the decrease in the revenue from real estate.
− Finance income increased by 51% compared to the same period of last year mainly due to the increase in the gain from investments transfer.
− General & administrative expenses increased compared to the same period of last year mainly due to the increase from charity sponsors expenses.
− Other profit increased compared to the same period of last year mainly due to the decrease from contract penalties.
− Current tax expenses decreased correspndingly with profit in the period. Deferred tax expenses decreased compared to the same period of last year mainly due to temporary differences incurred in the period. HOSE
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