VIC: Explanation for the Quarter 4.2022 separate financial statements

VINGROUP Joint Stock Company has explained the movements of Quarter 4/2022 separate financial statements compared to the same period of last year as follows:

The explanation for the movements of over 10%:

−       Revenue and cost of sales decreased compared to the same period of last year mainly due to the decrease in the quantity of real estate transfer.

−       Financial income increased mainly due to the increase in the gain from deposit and loan.

−       Financial expenses increased due to the increase in the lending rate expenses and the increase in provisioning for devaluation of investments.

−       General & administrative expenses decreased due to the decrease in charity sponsors expenses.

−       Other expenses decreased due to the decrease in contract penalty.

−       Deferred corporate income tax expenses decreased due to the decrease of temporary differences in tax calculation.

HOSE

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