VRE: Explanation for the Quarter 4.2022 separate financial statements

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.