VIC: Explanation for the Quarter 1/2023 separate financial statements

VINGROUP Joint Stock Company explained the movements of business result according to the Quarter 1/2023 separate financial statements compared to the same period of last year as follows: The explanation for the movements of over 10%: −       Gross profit from sales and services increased compared to the same period of last year mainly due to the increase in the income from real estate transfer. −       Financial income increased mainly due to the increase in the income from investments. −       Financial expenses decreased mainly due to the decrease in the provision for devaluation of investments and decrease of losses from capital transfer activities. −       General & administrative expenses increased mainly due to the increase in provision for bad debts. −       Corporate income tax expenses increased mainly due to the increase in the gain from sales and services.