Phat Dat Real Estate Development Corp explained the business result in Quarter 1/2022 based on the consolidated financial statements in Quarter 1/2022 with details as follows:

         The profit after tax in Quarter 1/2022 is 1.11 times compared to Quarter 1/2021:

-          Profit after tax in Quarter 1/2021: 251,072,175,109 dongs

-          Profit after tax in Quarter 1/2022: 279,389,740,495 dongs

Following are the main reasons:

1. In Quarter 1/2021, the company has accelerated the progress of completing the infrastructure and has handed over to the Customer a part of the land plots of the low-rise area project of Nhon Hoi eco-tourism urban area, Binh Dinh Province.       .
2. In Quarter 1/2022, the Company’s profit is mainly recorded the transfer of a part of the high-rise apartment building project of Nhon Hoi eco-tourism area, Binh Dinh Province.

Therefore, the Company’s profit after tax in Quarter 1/2022 increased 11.3% compared to Quarter 1/2021.