Vincom Retail Joint Stock Company has explained the movements of Quarter 3/2019 separate financial statements compared to the same period of last year as follows:

The explanation for the movements of 10% or more:

-       Net revenue increased 2,282 billion dongs because: (i) the revenue from real estate for rent and related services raised 857 billion dongs because the new trade centers opened in 2018 went into stable operations; (ii) the revenue from real estate transfer increased by 1,344 billion dongs. The cost of goods sold also increased accordingly.

-       Financial income increased by 2,096 billion dongs because of: (i) the increase of 2,392 billion dongs in the interest from subsidiaries; (ii) the decrease of 296 billion dongs in the gain from lending and deposit.

-       Financial expense declined by 76 billion dongs compared to 2018, mainly because of the decrease in interest expense by 74 billion dongs.  

-       Selling expense and administrative expense increased with the growth of revenue.

-       Therefore, the Company’s profit after tax grew by 2,875 billion dongs compared to the previous year thanks to the reasons above.