VINGROUP Joint Stock Company has explained the movements of Quarter 4/2022 consolidated financial statements compared to the same period of last year as follows:

The explanation for the movements of over 10%:

−       Gross profit increased by 48% compared to the same period of last year mainly due to the effect from real estate activities.

−       Financial income decreased by 27% compared to the same period of last year mainly due to the increase in the gain from investments transfer.

−       Financial expenses decreased by 20% compared to the same period of last year mainly due to the decrease (loss) in the exchange rate difference.

−       Selling expenses increased by 96% compared to the same period of last year due to the Company promoted marketing and sales activities.

−       General & administrative expenses decreased by 45% compared to the same period of last year mainly due to the decrease in charity sponsors expenses and provisioning.

−       Loss from other activities decreased compared to the same period of last year mainly due to the decrease in contract penalty expenses.

−       Current corporate income tax expenses increased mainly due to the increase in real estate transfer activities. Deferred corporate income tax expenses decreased compared to the same period of last year mainly due to the temporary differences in the period.