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VRE: Explanation for 2022 separate financial statements Vincom Retail Joint Stock Company has explained the movements of 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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2022
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2021
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Difference
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%
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21
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Financial income
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356,604
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400,774
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(44,170)
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-11%
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22
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Financial expenses
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333,504
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454,269
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(120,765)
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-27%
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|
25
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Selling expenses
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72,251
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118,498
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(46,247)
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-39%
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|
26
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General & administrative expenses
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67,693
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130,150
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(62,457)
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-48%
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50
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Profit before tax
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639,901
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579,846
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60,055
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10%
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60
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Profit after tax
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503,847
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457,392
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46,455
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10%
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The explanation for the movements of 10% or more:
− Financial income decreased by VND44 billion due to the decrease in the gain from investment activities.
− Financial expenses decreased by VND121 billion due to the decrease in the payment of VND2,600 billion bonds in 2021.
− Selling expenses decreased by VND46 billion mainly due to the decrease in the real estate selling expense.
− General & administrative expenses decreased by VND62 billion mainly due to the decrease in in provision for bad debts.
− Profit after tax increased by VND46 billion compared to the last year mainly due to the reasons above. HOSE
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