VINGROUP 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: million dongs
|
|
6mths of 2021
|
6mths of 2020
|
Difference
|
%
|
|
Profit after tax in the separate financial statements
|
295,315
|
4,019,191
|
(3,723,876)
|
(92.7%)
|
The Company’s profit after tax based on the separate financial statements in six months of 2021 decreased by 92.7% compared to the same period of 2020 because of the following causes:
- Cost of goods sold increased by VND160 billion mainly due to the increase in profit from real estate for rent and other activities compared to the same period of last year;
- Financial expense increased by VND5,527 billion, equivalent to 181% compared to the same period of last year because of the increase in the provision investments;
- Management expense decreased by VND564 billion dongs, equivalent to 82% compared to the same period of last year because of the decrease in the provision cost;
- Current Corporate income tax expenses decreased by VND548 billion mainly due to the decrease in the profit after tax.