VietNam Prosperity Joint Stock Commercial Bank has explained the fluctuation in the consolidated financial statements in Quarter 2 of 2020 as follows:
- The consolidated after-tax profit of the Bank and subsidiaries in Quarter 2 of 2020 was 2,951,022 million dongs, increasing 902,191 million dongs, equivalent to 44.03% compared to the profit after tax in Quarter 2 of 2019 because of the increase and decrease in the following items:
Item
Increase/decrease
million dongs
%
Increase in profit thanks to the increase in net interest income
274,410
3.70
Decrease in profit thanks to the decrease in net income from services
(25,254)
(3.54)
Decrease in profit thanks to the decrease in net income from foreign exchange and gold trading
(94,002)
(6801.88)
Decrease in profit thanks to the decrease in net income from securities trading
(36,985)
(68.89)
Decrease in profit thanks to the decrease in net income from securities investment
(10,907)
(10.22)
Decrease in profit thanks to the decrease in net income from other activities
(28,216)
(4.96)
Increase in profit due to the decrease in operating expense
488,460
(16.05)
Increase in profit due to the decrease in credit risk provision
545,900
(16.72)
Increase/decrease in profit before tax
1,113,406
43.49
Increase/decrease in corporate income tax
(211,215)
41.31
Increase/decrease in profit after tax
902,191
44.03