VIC: Explanation for the Quarter 1.2022 separate financial statements

VINGROUP Joint Stock Company has explained the movements of Quarter 1/2022 separate financial statements compared to the same period of last year as follows:

The explanation for the movements of over 10%:

−        In quarter 1 of 2022, revenue and cost of sales decreased compared to the same period of last year mainly due to the decrease of inventory properties delivery.

−        Finance income decreased compared to the same period of last year mainly due to the decrease in the gain from investments transfer activities.

−        Finance expenses decreased mainly due to the reversal of provision for diminution in value of investments.

−         Deferred tax expenses increased due to the increase in tax temporary differences.

HOSE

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