Vincom Retail Joint Stock Company explained the movements of business result compared to the same period of last year according to the Quarter 1/2023 separate financial statements as follows:
Unit: VND million
No.
Item
Quarter 1/2023
Quarter 1/2022
Difference
%
10
Net sales
515,607
411,645
103,962
25%
22
Financial expenses
93,941
81,908
12,033
15%
60
Profit after tax
221,363
105,678
115,685
109%
The explanation for the movements of 10% or more:
− Net sales in Quarter 1/2023 increased by 104 billion dongs, of which: (i) the revenue from real estate for rent and related services provision increased by 180 billion dongs mainly due to the retail sale recovered well after the epidemic was controlled and the same time opened 02 commercial centers in Quarter 2/2022; (ii) the revenue from real estate transfer decreased by 71 billion dongs.
− Financial expenses increased by 12 billion dongs mainly due to the increase in bond interest rate.
− The profit after tax increased by 116 billion dongs compared to the same period of last year mainly due to the reasons above.