VINGROUP Joint Stock Company explained the movements of business result according to the Quarter 1/2023 separate financial statements compared to the same period of last year as follows:
The explanation for the movements of over 10%:
− Gross profit from sales and services increased compared to the same period of last year mainly due to the increase in the income from real estate transfer.
− Financial income increased mainly due to the increase in the income from investments.
− Financial expenses decreased mainly due to the decrease in the provision for devaluation of investments and decrease of losses from capital transfer activities.
− General & administrative expenses increased mainly due to the increase in provision for bad debts.
− Corporate income tax expenses increased mainly due to the increase in the gain from sales and services.