Vincom Retail Joint Stock Company has explained the movements of Quarter 4/2022 separate financial statements compared to the same period of last year as follows:
Unit: VND million
No.
Item
Quarter 4/2022
Quarter 4/2021
Difference
%
10
Net revenue
582,933
642,690
(59,757)
-9%
11
Cost of goods sold
353,961
417,867
(63,906)
-15%
21
Financial income
102,349
85,688
16,661
19%
25
Selling expenses
47,349
53,046
(5,697)
-11%
26
General & administrative expenses
23,877
60,915
(37,038)
-61%
50
Profit before tax
173,261
116,498
56,763
49%
60
Profit after tax
135,073
86,990
48,083
55%
The explanation for the movements of 10% or more:
− Net revenue in Quarter 4/2022 decreased by 60 billion dongs: (i) the revenue from real estate for rent and related services provision increased by 250 billion dongs mainly due to the retail industry recovered well after the Covid-19; (ii) the revenue from real estate transfer decreased by 343 billion dongs. The cost of goods sold and services decreased accordingly.
− Financial income increased by 17 billion dongs because of the increase in the gain from investment activities.
− Selling expenses decreased by 6 billion dongs.
− General & administrative expenses decreased by 37 billion dongs mainly due to the decrease in provision for doubtful debts.
− The Company’s profit after tax increased by 48 billion dongs compared to the same period last year due to the reasons above.