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VIC: Explanation for the Quarter 3.2022 consolidated financial statements VINGROUP Joint Stock Company has explained the movements of Quarter 3/2022 consolidated financial statements compared to the same period of last year as follows:
The explanation for the movements of over 10%:
− Gross profit decreased by 51% compared to the same period of last year due to the effect of production activities.
− Finance income increased by 551% compared to the same period of last year mainly due to the increase in the gain from investments transfer.
− Financial expenses increased by 80% compared to the same period of last year mainly due to the increase in exchange rate difference.
− Selling expenses increased by 50% compared to the same period of last year mainly due to the company promoted marketing and sales activities.
− General & administrative expenses decreased by 35% compared to the same period of last year mainly due to the decrease in the decrease in expenses for charity sponsorship and provision.
− Other profit increased compared to the same period of last year mainly due to the gain from assets liquidation.
− Current corporate income tax expenses increased mainly due to the increase in the real estate transfer. Deferred corporate income tax expenses decreased compared to the same period of last year mainly due to the temporary difference in the period. HOSE
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