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VHM: Explanation for the Q2.2020 consolidated financial statements
HOSE - 8/11/2020 4:55:00 PM
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Vinhomes Joint Stock Company explained the fluctuation in business performance in the consolidated financial statements in Quarter 2 of 2020 as follows:

Unit: million dongs

 

Quarter 2 of 2020

Quarter 2 of 2019

Increase/ decrease

%

Note

Profit after tax in the separate financial statements

309,771

197,086

112,685

57%

(i)

Profit after tax in the consolidated financial statements

3,800,763

8,519,013

(4,718,250)

-55%

(ii)

           

(i) According to the separate financial statements, the profit after tax in Quarter 2 of 2020 increased by 113 billion dongs (+57%) compared to Quarter 2 of 2019 mainly thanks to the profit from property transfer.

(ii) According to the consolidated financial statements, the profit after tax in Quarter 2 of 2020 decreased by 4,718 billion dongs (-55%) compared to the same period of last year mainly because the profit from property transfer and the profit from cooperation decreased compared to Quarter 2 of 2019.

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