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VIC: Explanation for the Quarter 1/2023 consolidated financial statements VINGROUP Joint Stock Company explained the movements of Quarter 1/2023 consolidated financial statements compared to the same period of last year as follows:
The explanation for the movements of over 10%:
− Net sales increased by 114% compared to the same period of last year mainly due to the increase in the income from real estate transfer. Cost of sales increased corresponding to the revenue.
− Financial expenses increased by 36% compared to the same period of last year mainly due to the increase in loan interest expenses.
− Selling expenses increased by 49% compared to the same period of last year corresponding to the revenue.
− General & administrative expenses decreased by 30% compared to the same period of last year mainly due to the decrease in charity sponsorship expenses.
− Loss of other activities increased compared to the same period of last year mainly due to the increase in other expenses.
− Current income tax expenses increased corresponding to the revenue. Deferred income tax expenses decreased c due to temporary differences incurred in the period. HOSE
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