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

VINGROUP Joint Stock Company explained the movements of Quarter 1/2023 consolidated financial statements compared to the same period of last year as follows: The explanation for the movements of over 10%: −       Net sales increased by 114% compared to the same period of last year mainly due to the increase in the income from real estate transfer. Cost of sales increased corresponding to the revenue. −       Financial expenses increased by 36% compared to the same period of last year mainly due to the increase in loan interest expenses. −       Selling expenses increased by 49% compared to the same period of last year corresponding to the revenue. −       General & administrative expenses decreased by 30% compared to the same period of last year mainly due to the decrease in charity sponsorship expenses. −       Loss of other activities increased compared to the same period of last year mainly due to the increase in other expenses. −       Current income tax expenses increased corresponding to the revenue. Deferred income tax expenses decreased c due to temporary differences incurred in the period.