No Va Land Investment Group Corporation explained has the movements of the consolidated financial statements in Quarter 1/2022 compared to the same period of last year as follows:
Unit: VND
Q1/2022
Q1/2021
Difference
% increase/decrease
Profit after tax
1,045,556,580,194
701,224,970,739
344,331,609,455
49.1%
The Company’s consolidated profit after tax in Quarter 1/2022 increased by 49.1% compared to the same period of 2021 mainly due to the increase in the revenue from mergers and acquisitions activities in quarter 1.2022.