PDR: Explanation for the consolidated financial statements in Q1.2023

Phat Dat Real Estate Development Corp explained the business result in Quarter 1/2023 according to the consolidated financial statements in Quarter 1/2023 with details as follows:          The profit after tax in Quarter 1/2023 decreased compared to Quarter 1/2022: -          Profit after tax in Quarter 1/2022: 279,389,740,495 dongs -          Profit after tax in Quarter 1/2023:   22,438,945,592 dongs Following are the main reasons: -          Due to the general difficulties of the whole market, especially the real estate industry. So, the company’s investment and business in real estate are not favorable. -          Due to the company’s investment restructuring strategy. Therefore, the Company’s profit after tax in Quarter 1/2023 decreased by 91.97% (equivalent to VND256,950,794,903 dongs) compared to Quarter 1/2022.