Vincom Retail Joint Stock Company has explained the reviewed separate financial statement in first six months of 2021 compared to the same period of last year as follows:
Unit: VND million
Code
Item
From 01/01/2021 to 06/30/2021
From 01/01/2021 to 06/30/2020
Difference
%
10
Net revenue
1,334,660
1,279,196
65.464
5%
11
Cost of goods sold
828,768
771,330
57.438
7%
21
Financial income
242,296
160,505
81.791
51%
22
Financial expense
289,029
158,717
130,312
82%
60
Profit after tax
298,263
344,954
(46,691)
-14%
The explanation for the movements of 10% or more:
Net revenue increased by VND65 billion compared to the same period of last year because: (i) the revenue from real estate for rent and related services increased by VND52 billion; (ii) the revenue from real estate transfer increased by VND34 billion due to a higher number of commercial townhouses being handed over compared to the same period of last year. The cost of goods sold also increased accordingly.
− Financial income increased by VND82 billion because of the increase in the gain from lending and investment.
− Financial expense increased by VND130 billion mainly thanks to the disbursement of VND3,050 billion bonds.
− Profit after tax decreased by VND47 billion compared to the same period of last year due to the reasons above.