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Monday, April 7, 2025 7:38:52 PM - Markets open
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 VPB: Explanation for the fluctuation of Q2.2020 business results
HOSE - 7/24/2020 4:32:00 PM
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VietNam Prosperity Joint Stock Commercial Bank has explained the fluctuation in the consolidated financial statements in Quarter 2 of 2020 as follows:
- The consolidated after-tax profit of the Bank and subsidiaries in Quarter 2 of 2020 was 2,951,022 million dongs, increasing 902,191 million dongs, equivalent to 44.03% compared to the profit after tax in Quarter 2 of 2019 because of the increase and decrease in the following items:
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Item
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Increase/decrease
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million dongs
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%
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Increase in profit thanks to the increase in net interest income
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274,410
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3.70
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Decrease in profit thanks to the decrease in net income from services
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(25,254)
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(3.54)
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Decrease in profit thanks to the decrease in net income from foreign exchange and gold trading
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(94,002)
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(6801.88)
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Decrease in profit thanks to the decrease in net income from securities trading
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(36,985)
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(68.89)
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Decrease in profit thanks to the decrease in net income from securities investment
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(10,907)
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(10.22)
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Decrease in profit thanks to the decrease in net income from other activities
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(28,216)
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(4.96)
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Increase in profit due to the decrease in operating expense
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488,460
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(16.05)
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Increase in profit due to the decrease in credit risk provision
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545,900
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(16.72)
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Increase/decrease in profit before tax
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1,113,406
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43.49
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Increase/decrease in corporate income tax
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(211,215)
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41.31
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Increase/decrease in profit after tax
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902,191
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44.03
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