Vincom Retail Joint Stock Company has explained the movements of 2022 consolidated financial statements compared to the same period of last year as follows:

The explanation for the movements of 10% or more:

−        Net sales in 2022 increased by VND1.470 billion: (i) the revenue from real estate for rent and related services provision increased by VND2.164 billion mainly due to the good recovery of the retail industry after the epidemic was controlled and the opening of 3 shopping centers in Quarter 2/2022; (ii) The revenue from real estate transfer decreased by VND623 billion.

−        Financial income increased by VND151.6 billion mainly due to the increase in the gain from investment activities.

−        Financial expenses decreased by VND127 billion due to the decrease in the payment of VND2.600 billion bonds in 2021.

−        Selling expenses decreased by VND30 billion mainly due to the decrease in the commission costs of real estate projects.

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

−        Profit after tax increased by VND1,462 billion compared to the last year mainly due to the reasons above.