VHM: Explanation for the financial statements in Q3.2022

Vinhomes Joint Stock Company explained has the movements of the financial statements in Quarter 3/2022 compared to the same period of last year as follows:

                                                                        Unit: million dongs

According to the consolidated financial statements, the profit after tax in quarter 3/2022 increased by 3,380 billion dongs, equivalent to the increase of 30% compared to the same period of 2021 because of the following causes:

-          Gross profit from sales and services decreased by 4,352 billion dongs compared to the same period of last year due to the decrease in the gross profit from real estate transfer.

-          The financial income increased by 9,529 billion dongs compared to the same period of last year due to the increase in the income from investment transfer, loan interest and business cooperation.

-          Corporate tax expenses increased by 1,751 billion dongs compared to the same period of last year due to the increase in taxable profit.

According to the separate financial statements, the profit after tax in Quarter 3/2022 increased by 13,706 billion dongs, equivalent to the increase of 715% compared to the same period of 2021 because of the following causes:

-          Gross profit from sales and services increased by 7,177 billion dongs compared to the same period of last year due to the increase in the gross profit from real estate transfer.

-          Other income increased by 9,579 billion dongs compared to the same period of last year due to the increase in the income from the capital contribution with assets.

-          Corporate tax expenses increased by 3,622 billion dongs compared to the same period of last year due to the increase in taxable profit.

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