HOSE - 24/04/2023 4:54:00 PM
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.
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