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VRE: Explanation for the Quarter 4.2022 separate financial statements Vincom Retail Joint Stock Company has explained the movements of Quarter 4/2022 separate financial statements compared to the same period of last year as follows:
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Unit: VND million
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No.
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Item
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Quarter 4/2022
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Quarter 4/2021
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Difference
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%
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10
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Net revenue
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582,933
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642,690
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(59,757)
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-9%
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11
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Cost of goods sold
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353,961
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417,867
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(63,906)
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-15%
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21
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Financial income
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102,349
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85,688
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16,661
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19%
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25
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Selling expenses
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47,349
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53,046
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(5,697)
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-11%
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26
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General & administrative expenses
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23,877
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60,915
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(37,038)
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-61%
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50
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Profit before tax
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173,261
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116,498
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56,763
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49%
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60
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Profit after tax
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135,073
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86,990
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48,083
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55%
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The explanation for the movements of 10% or more:
− Net revenue in Quarter 4/2022 decreased by 60 billion dongs: (i) the revenue from real estate for rent and related services provision increased by 250 billion dongs mainly due to the retail industry recovered well after the Covid-19; (ii) the revenue from real estate transfer decreased by 343 billion dongs. The cost of goods sold and services decreased accordingly.
− Financial income increased by 17 billion dongs because of the increase in the gain from investment activities.
− Selling expenses decreased by 6 billion dongs.
− General & administrative expenses decreased by 37 billion dongs mainly due to the decrease in provision for doubtful debts.
− The Company’s profit after tax increased by 48 billion dongs compared to the same period last year due to the reasons above. HOSE
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