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VRE: Explanation for 2022 separate financial statements
HOSE - 3/8/2023 4:07:00 PM
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Vincom Retail Joint Stock Company has explained the movements of 2022 separate financial statements compared to the same period of last year as follows:

                                                                                               Unit: VND million

No.

Item

2022

2021

Difference

%

21

Financial income

356,604

400,774

(44,170)

-11%

22

Financial expenses

333,504

454,269

(120,765)

-27%

25

Selling expenses

72,251

118,498

(46,247)

-39%

26

General & administrative expenses

67,693

130,150

(62,457)

-48%

50

Profit before tax

639,901

579,846

60,055

10%

60

Profit after tax

503,847

457,392

46,455

10%

The explanation for the movements of 10% or more:

−        Financial income decreased by VND44 billion due to the decrease in the gain from investment activities.

−        Financial expenses decreased by VND121 billion due to the decrease in the payment of VND2,600 billion bonds in 2021.

−        Selling expenses decreased by VND46 billion mainly due to the decrease in the real estate selling expense.

−        General & administrative expenses decreased by VND62 billion mainly due to the decrease in in provision for bad debts.

−        Profit after tax increased by VND46 billion compared to the last year mainly due to the reasons above.

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