VIC: Explanation for the Quarter 1/2023 separate financial statements

VINGROUP Joint Stock Company explained the movements of business result according to the Quarter 1/2023 separate financial statements compared to the same period of last year as follows:

The explanation for the movements of over 10%:

−       Gross profit from sales and services increased compared to the same period of last year mainly due to the increase in the income from real estate transfer.

−       Financial income increased mainly due to the increase in the income from investments.

−       Financial expenses decreased mainly due to the decrease in the provision for devaluation of investments and decrease of losses from capital transfer activities.

−       General & administrative expenses increased mainly due to the increase in provision for bad debts.

−       Corporate income tax expenses increased mainly due to the increase in the gain from sales and services.

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