Vinhomes Joint Stock Company explained has the movements of the audited financial statements in quarter Q1.2021 compared to the same period of last year as follows:
Unit: million dongs
|
|
Q1.2022
|
Q1.2021
|
Increase/ decrease
|
%
|
|
Profit after tax in the consolidated financial statements
|
4,724,937
|
5,477,762
|
(752,825)
|
-14%
|
|
Profit after tax in the separate financial statements
|
529,420
|
278,032
|
251,388
|
90%
|
According to the consolidated financial statements, the profit after tax in quarter 1/2022 decreased by 753 billion dongs, equivalent to the decrease of 14% compared to the same period of 2021 because of the following causes:
- Gross profit from sales and services decreased by 2,346 billion dongs compared to the same period of last year due to the decrease in the gross profit from real estate transfer.
- The financial income increased by 1,522 billion dongs compared to the same period of last year due to the increase in the income from investment transfer.
According to the separate financial statements, the profit after tax in quarter 1/2022 increased by 251 billion dongs, equivalent to the increase of 90% compared to the same period of 2021 because of the following causes:
- Gross profit from sales and services decreased by 261 billion dongs compared to the same period of last year due to the increase in the gross profit from real estate transfer.
- Finance income increased by 384 billion dongs compared to the same period of last year due to the increase in the income from the interest on deposit and loan.
- Finance expenses decreased by 478 billion dongs compared to the same period of last year mainly due to the decrease in the interest expenses and bond issuance.
- General & administrative expenses increased by 389 billion dongs compared to the same period of last year.