Vincom Retail Joint Stock Company has explained the movements of Quarter 4/2022 consolidated 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
|
2,084,406
|
1,367,010
|
717,396
|
52%
|
|
11
|
Cost of goods sold
|
1,032,199
|
903,051
|
129,148
|
14%
|
|
21
|
Financial income
|
200,940
|
87,389
|
113,551
|
130%
|
|
25
|
Selling expenses
|
56,855
|
80,311
|
(23,456)
|
-29%
|
|
26
|
General & administrative expenses
|
110,128
|
182,380
|
(72,252)
|
-40%
|
|
60
|
Profit after tax
|
791,471
|
121,875
|
669,596
|
549%
|
The explanation for the movements of 10% or more:
− Net revenue in Quarter 4/2022 increased by 717 billion dongs: (i) the revenue from real estate for rent and related services provision increased by 1,015 billion dongs mainly due to the retail industry recovered well after the Covid-19; (ii) the revenue from real estate transfer decreased by 284 billion dongs. The cost of goods sold and services decreased accordingly.
− Financial income increased by 113.5 billion dongs because of the increase in the gain from investment activities.
− Selling expenses decreased by 23 billion dongs mainly due to the decrease in the commission costs of real estate projects.
− General & administrative expenses decreased by 72 billion dongs mainly due to the decrease in provision for doubtful debts.
− The Company’s profit after tax increased by 669.6 billion dongs compared to the same period last year due to the reasons above.