Photo shows the entrance of Times City, the urban area built by real estate, retail and tech conglomerate Vingroup (Photo: cafeland.vn)Hanoi (VNS/VNA) - Leading real estate and retail conglomerate Vingroupplans to earn 140 trillion VND (6 billion USD) in net revenue and 6.5trillion VND (278.5 million USD) in post-tax profit in 2019.
The information was released during the group’s2019 annual general meeting of shareholders on in Hanoi this week.
In 2018, the company's net revenue reachednearly 122 trillion VND (5.23 billion USD), up by 36 percent compared to 2017due to the increase in revenue of all sectors, especially in the transfer ofreal estate.
Real estate transfer revenue increased by33 percent in 2018 from 62.5 trillion VND to 83.3 trillion VND.
The rise came from the handover of keyprojects in Hanoi and HCM City, including the Landmark 81 building in VinhomesCentral Park, Vinhomes Golden River, Vinhomes The Harmony, Vinhomes Green Bayand Vinhomes Metropolis.
In 2018, revenue from real estate leasing grew26 percent from 4.4 trillion VND to 5.6 trillion VND due to the growth ofthe commercial centre system nationwide.
The group currently owns and operates 66shopping centres across the country.
Tourism, entertainment and hotel servicesrevenue reached 7.36 trillion VND in 2018, up by 35 percent, thanks to theincreasing number of tourists and the expansion of resorts, reaching a total of16,400 rooms across the country.
Retail service revenue soared by 48 percent from13 trillion VND in 2017 to 19.3 trillion VND in 2018 as the retail networkcontinued to be expanded and retail sales per square metre rose sharply.
Revenue from production activities reached 556billion VND thanks to the sale of electric motorbikes and smartphones.
Vingroup’s 2018 post-tax profit grew 9 percentfrom 5.65 trillion VND in 2017 to 6.2 trillion VND in 2018.
In 2018, the group put into operation somereal estate complexes that included both commercial centres and accommodationssuch as Vinhomes Central Park, Vinhomes Metropolis, Vinhomes Imperia Hải Phòng,Vinhomes Marina Project and Vinhomes Star City Thanh Hoa.
Last year, the group implemented three large urbanprojects in Hanoi and HCM City: Vinhomes Grand Park, Vinhomes Ocean Park andVinhomes Smart City.
Vingroup successfully issued 84 million dividendpreference shares. The mobilised capital was used in the implementation of realestate projects, social infrastructure projects (including via directinvestment or cooperation with other partners) and other activities.
Vingroup’s short-term assets rose by 35 trillionVND, from 100.2 trillion VND in 2017 to 135.3 trillion VND in 2018. Long-termassets recorded growth of 34 percent compared to the same period of 2017, reaching152.7 trillion VND as of the end of 2018.
The value of fixed assets climbed from 35.6trillion VND in 2017 to 49.4 trillion VND in 2018, up by 38 percent, dueto the strong development of real estate investment projects.
During the period, the value of real estateinvestment increased by 8.5 trillion VND by the end of 2018, from 18.2 trillionVND to 26.7 trillion VND, as Vincom Retail expanded its retail networknationwide with the addition of 20 shopping centres.
Total liabilities in 2018 were estimated at 189trillion VND. Long-term debt increased as the group raised more capital tofinance real estate projects as well as production activities.-VNS/VNA
The information was released during the group’s2019 annual general meeting of shareholders on in Hanoi this week.
In 2018, the company's net revenue reachednearly 122 trillion VND (5.23 billion USD), up by 36 percent compared to 2017due to the increase in revenue of all sectors, especially in the transfer ofreal estate.
Real estate transfer revenue increased by33 percent in 2018 from 62.5 trillion VND to 83.3 trillion VND.
The rise came from the handover of keyprojects in Hanoi and HCM City, including the Landmark 81 building in VinhomesCentral Park, Vinhomes Golden River, Vinhomes The Harmony, Vinhomes Green Bayand Vinhomes Metropolis.
In 2018, revenue from real estate leasing grew26 percent from 4.4 trillion VND to 5.6 trillion VND due to the growth ofthe commercial centre system nationwide.
The group currently owns and operates 66shopping centres across the country.
Tourism, entertainment and hotel servicesrevenue reached 7.36 trillion VND in 2018, up by 35 percent, thanks to theincreasing number of tourists and the expansion of resorts, reaching a total of16,400 rooms across the country.
Retail service revenue soared by 48 percent from13 trillion VND in 2017 to 19.3 trillion VND in 2018 as the retail networkcontinued to be expanded and retail sales per square metre rose sharply.
Revenue from production activities reached 556billion VND thanks to the sale of electric motorbikes and smartphones.
Vingroup’s 2018 post-tax profit grew 9 percentfrom 5.65 trillion VND in 2017 to 6.2 trillion VND in 2018.
In 2018, the group put into operation somereal estate complexes that included both commercial centres and accommodationssuch as Vinhomes Central Park, Vinhomes Metropolis, Vinhomes Imperia Hải Phòng,Vinhomes Marina Project and Vinhomes Star City Thanh Hoa.
Last year, the group implemented three large urbanprojects in Hanoi and HCM City: Vinhomes Grand Park, Vinhomes Ocean Park andVinhomes Smart City.
Vingroup successfully issued 84 million dividendpreference shares. The mobilised capital was used in the implementation of realestate projects, social infrastructure projects (including via directinvestment or cooperation with other partners) and other activities.
Vingroup’s short-term assets rose by 35 trillionVND, from 100.2 trillion VND in 2017 to 135.3 trillion VND in 2018. Long-termassets recorded growth of 34 percent compared to the same period of 2017, reaching152.7 trillion VND as of the end of 2018.
The value of fixed assets climbed from 35.6trillion VND in 2017 to 49.4 trillion VND in 2018, up by 38 percent, dueto the strong development of real estate investment projects.
During the period, the value of real estateinvestment increased by 8.5 trillion VND by the end of 2018, from 18.2 trillionVND to 26.7 trillion VND, as Vincom Retail expanded its retail networknationwide with the addition of 20 shopping centres.
Total liabilities in 2018 were estimated at 189trillion VND. Long-term debt increased as the group raised more capital tofinance real estate projects as well as production activities.-VNS/VNA
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