VIC: Explanation for the fluctuation of business result
VIC: Explanation for the fluctuation of business result
Vingroup Joint Stock Company explains the fluctuation more than 10% in its 2019 financial statements compared to the same period of 2018 as follows:
Unit: million dongs
|
No. |
Item |
2019 |
2018 |
Difference |
% +/- |
|
1 |
Profit after tax in the separate financial statements |
4,323,229 |
3,545,273 |
777,956
|
21.9% |
|
2 |
Profit after tax in the consolidated financial statements |
7,716,613
|
6,237,893
|
1,478,720
|
23.7%
|
- The profit after tax in the separate financial statements of Vingroup Joint Stock Company in 2019 increased 21.9% compared to 2018 mainly thanks to the growth in the financial income after the clearance sale of investments.
- The profit after tax in the consolidated financial statements of Vingroup Joint Stock Company in 2019 increased 23.7% compared to 2018 mainly thanks to the following causes:
- Gross profit from sales and services rose 8,601 billion dongs, or 29.7%, because of the increase in profit from real estate transfer and retail sales in the period.
- Financial income went up 6,522 billion, or 87.2%, mainly because of the profit from the transfer of financial investment and subsidiaries;
- Financial expenses increased 3,272 billion, or 66.7% compared to 2018, mainly due to the increase of interest expenses;
- Administrative and selling expenses increased 4,136 billion dongs and 5,310 billion dongs in turns because the Group expanded business activities.
HOSE
