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
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.