Mr. Pham Nhat Vuong's business makes huge profits

On October 30, Vinhomes Joint Stock Company (stock code: VHM) announced its consolidated financial report for the third quarter, with net revenue reaching VND33,323 billion, up nearly 2% over the same period last year.

Last quarter, financial revenue was 3 times higher than the same period last year with nearly 5,498 billion VND, financial expenses recorded more than 1,555 billion VND, up 63% over the same period last year. After deducting other expenses, Vinhomes reported a profit after tax in the third quarter of more than 8,980 billion VND.

In the first 9 months of the year, Vinhomes recorded total consolidated net revenue of VND69,910 billion and total converted consolidated net revenue (including revenue from Vinhomes' operations and business cooperation contracts) of VND90,923 billion. The company's consolidated profit after tax reached VND20,600 billion.

Vinhomes continues to open sales of Vinhomes Royal Island (Vu Yen, Hai Phong) in the Royal and King Island subdivisions.

As of September 30, Vinhomes had total assets of VND 524,684 billion (up 18% compared to the beginning of the year), equity reaching VND 215,966 billion (up 18.3% compared to December 31, 2023).

In the third quarter, Vinhomes continued to launch new subdivisions in major projects in the context of a booming real estate market. Specifically, Vinhomes Royal Island (Vu Yen, Hai Phong) opened for sale Hoang Gia and Dao Vua - two subdivisions with the most impressive architecture. In the southern region, The Opus One apartment subdivision (Vinhomes Grand Park, Thu Duc City) developed by Vinhomes in cooperation with Japanese partner - Samty was also launched on August 28.

Similarly, Vincom Retail JSC (stock code: VRE) achieved revenue from shopping mall operations of VND1,983 billion, up 2.2% compared to the second quarter. The company's total consolidated net revenue reached VND2,077 billion, down 38% compared to the same period last year.

In the first 9 months of the year, Vincom Retail recorded net revenue of VND6,811 billion (72% of the yearly plan), and after-tax profit of VND3,010 billion (68% of the plan). Notably, in the last quarter, Vincom Retail recovered VND2,350 billion in loans from related parties.

As of September 30, Vincom Retail's cash and cash equivalents reached VND4,885 billion. Owners' equity increased by VND3,010 billion to VND40,837 billion. Total assets increased by VND5,521 billion to VND53,175 billion.

(Source: Tien Phong)

Link: https://tienphong.vn/doanh-nghiep-cua-ong-pham-nhat-vuong-lai-dam-post1687028.tpo

Source: https://vtcnews.vn/doanh-nghiep-cua-ong-pham-nhat-vuong-lai-dam-ar904838.html