VINGROUP Joint Stock Company has explained the movements of Quarter 4/2022 separate financial statements compared to the same period of last year as follows:
The explanation for the movements of over 10%:
− Revenue and cost of sales decreased compared to the same period of last year mainly due to the decrease in the quantity of real estate transfer.
− Financial income increased mainly due to the increase in the gain from deposit and loan.
− Financial expenses increased due to the increase in the lending rate expenses and the increase in provisioning for devaluation of investments.
− General & administrative expenses decreased due to the decrease in charity sponsors expenses.
− Other expenses decreased due to the decrease in contract penalty.
− Deferred corporate income tax expenses decreased due to the decrease of temporary differences in tax calculation.