VINGROUP Joint Stock Company has explained the profit after tax of Quarter 3/2019. Accordingly, the profit after tax changes over 10% compared to the same period last year as follows:
By: VND
Quarter 3/2019
Quarter 3/2018
Difference
Net revenue
2,120,687,979,149
6.073.982.193.028
-65.09%
Profit after tax
277,589,192,676
386,521,164,798
-28.18%
Reason:
- In Quater 3/2019, revenue decreased 65.9% compared to the same period last year due to the revenue from real estate transfer went downt and cost of goods sold dcreased.
- Financial income in Q3/2019 increased from dividend increased.
- Financial expenseve increased due to the due to the firm increased provision for investment in subsidiaries.
- The selling expenses decreased and general & administrative expenses increased