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VHM: Explanation for the audited separate FS in 6mths of 2020
HOSE - 9/1/2020 4:34:00 PM
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Vinhomes Joint Stock Company explained has explained the movements of the audited separate financial statements in six months of 2020 compared to the same period of last year as follows:

                                                                        Unit: million dongs

 

6 months of 2020

6 months of 2019

Increase/ decrease

%

Profit after tax in the separate financial statements

808,886

2,324,778

(1,515,892)

-65%

           

The Company’s profit after tax of accumulation in six months of 2020 decreased by 1,516 billion dongs, equivalent to 65% compared to the same period of 2019 because of the following causes:

-          The gross profit from sales and services increased by 2,084 billion dongs, equivalent to 218% because of the increase in profit from real estate transfer compared to the same period of last year.

-          The financial income decreased by 4,720 billion dongs, equivalent to 77% compared to the same period of last year because of the decrease in profit from the investment cooperation and business operation.

-          Financial expenses decreased by 1,243 billion dongs, equivalent to 32% compared to the same period of last year mainly due to the decrease of interest expenses.

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