VietNam Prosperity Joint Stock Commercial Bank has explained the fluctuation in the consolidated financial statements in the first six months of 2020 compared to the same period of 2019 as follows:
- The consolidated after-tax profit of the Bank and subsidiaries in the first six months of 2020 was 5,265,017 million dongs, increasing 1,793,865 million dongs, about 51.68% of the profit in the first six months of 2019 because of the increase and decrease in incomes and expenses:
Item
Increase/decrease
million dongs
%
Increase in profit because of the increase in net interest income
1,270,672
8.79
Increase in profit because of the increase in net income from services
148,926
12.07
Decrease in profit because of the decrease in net income from foreign exchange and gold trading
(57,178)
158.92
Increase in profit because of the increase in net income from securities trading
178,819
318.13
Increase in profit because of the increase in net income from securities investment
340,725
123.53
Increase in profit because of the increase in net income from other activities
139,903
16.44
Increase in profit because of the decrease in operating expense
181,660
(3.02)
Increase in profit because of the decrease in credit risk provision
38,735
(0.60)
Increase/decrease in profit before tax
2,242,262
51.63
Increase/decrease in corporate income tax
(448,397)
51.45
Increase/decrease in profit after tax
1,793,865
51.68