BIM Land, owner of a series of real estate projects in Ha Long and Phu Quoc, suddenly suffered a big loss.

Chairman of Bim Group is Mr. Doan Quoc Viet - Photo: BIM

In a report recently sent to HNX, BIM Real Estate Joint Stock Company (BIM Land) said that in the first half of this year, it lost more than 341 billion VND.

BIM's profit has been on a downward trend since last year, when the whole year reached VND798 billion, down 54% compared to 2022.

In the period from 2019-2021, BIM Land's profit is approximately 1,000 billion to 2,000 billion VND.

Operating at a loss, BIM's equity at the end of June 2024 was only 7,042 billion VND, down more than 5% compared to the same period last year.

BIM Land's debt to equity ratio is 2.86 times, equivalent to VND 21,140 billion. Of which, outstanding bonds are more than VND 5,420 billion.

	LNST
2019	944
2020	1640
2021	2068
2022	1745
2023	798
June 2024	-341

Introduced on the website, BIM Land is the distributor of real estate projects of BIM Group Company Limited (Bim Group).

BIM Group was established in 1994 with headquarters located in Hung Thang new urban area, Bai Chay, Ha Long, Quang Ninh.

Real estate projects of BIM Group are mainly concentrated in Ha Long, Phu Quoc, Hanoi... In which Ha Long Marina and Phu Quoc Marina urban areas are major projects of BIM Group.

In addition, in Laos, the company is also the developer of the 5-star hotel complex project, commercial center and grade A office Royal Square - Crowne Plaza Vientiane; Holiday Inn and Toong Samsenthai hotels.

In addition to real estate, BIM Group is currently operating in the fields of agriculture and food, renewable energy and consumer services.

The Chairman of Bim Group is Mr. Doan Quoc Viet. BIM Group is one of the strong private economic groups, with more than dozens of subsidiaries and affiliated companies.

Source: https://tuoitre.vn/bim-land-chu-loat-du-an-bat-dong-san-ha-long-voi-phu-quoc-bat-ngo-lo-lon-20240901154657543.htm