The company specializing in selling get-rich-quick courses, chaired by speaker Nguyen Thanh Tien, has just reported a sharp increase in profits in the fourth quarter of 2024 after many quarters of losses.
Mr. Nguyen Thanh Tien is introduced as a speaker with more than 1.2 million followers on social networking platforms - Photo: DN Website
Van Lang Technology Investment and Development Joint Stock Company (VLA) recently announced its financial report for the fourth quarter of 2024 with positive results compared to many recent quarters.
Specifically, VLA's revenue in this quarter reached more than 9.9 billion VND, 9 times higher than the same period last year. Low cost of goods sold, the company's gross profit reached a high level, more than 8 billion VND.
Mr. Nguyen Huu Thuan - Director of VLA - explained that the revenue increased sharply by more than 800% over the same period mainly due to the sharp increase in the number of students participating in courses in the fourth quarter.
VLA is known as a company specializing in selling investment and wealth-building courses. Mr. Nguyen Thanh Tien - Chairman of the Board of Directors of VLA - introduced himself as "the number 1 highest paid real estate expert in Vietnam".
Regarding last year's training service operation plan, VLA said it would actively expand courses, increase advertising, and promote its brand.
In particular, continue to expand training courses such as: Real estate investment strategy, NIK UNI K02 course; Teach children to get rich, awaken unlimited capacity; Investment intelligence; Capital mobilization course; Business intelligence...
Not only active in selling courses, VLA's financial revenue in the last quarter of last year also skyrocketed to 950 million VND.
Meanwhile, other profits also increased 14 times, reaching nearly 2.9 billion VND. As a result, VLA changed from a loss of 114 million VND in the fourth quarter of 2023 to a profit after tax of nearly 6.9 billion VND in the fourth quarter of 2024.
In 2024, VLA recorded revenue of VND 14.7 billion, an increase of nearly 35% over the previous year, and after-tax profit of VND 510 million, nearly 4 times higher.
At the end of last year, VLA's assets exceeded VND50 billion. Notably, there was a stock investment of nearly VND6.3 billion in codes such as: BID of BIDV; GVR of Vietnam Rubber Industry Group; PVS of Vietnam Oil and Gas Technical Services Corporation; VIX of VIX Securities and VLC of Vietnam Livestock Corporation.
On the other side of the balance sheet, VLA's liabilities also increased sharply from 1.8 billion VND at the beginning of the year to more than 6 billion VND at the end of the year. The company incurred short-term loans and financial leasing debts of 3.6 billion VND.
The chairman is a speaker who teaches how to get rich.
On the website, Mr. Nguyen Thanh Tien - Chairman of VLA Board of Directors - introduces himself as "the number 1 paid real estate expert in Vietnam", "training more than 200,000 students since 2012 on investment and business"...
According to research, Mr. Tien's course has paid and free courses. In which, a 4-day course can cost up to 180 million VND, the promotional price is 155 million VND.
Looking back at the data of the past 10 years, 2022 was the year with the most "exciting" revenue for VLA, reaching more than 32 billion VND, while 2021 was the year with the highest after-tax profit of more than 5.6 billion VND. This was also the period when the real estate market, stocks and many other investment channels exploded after the pandemic.
Source: https://tuoitre.vn/hoc-vien-tham-gia-khoa-hoc-lam-giau-tang-dot-bien-cong-ty-mot-dien-gia-lai-lon-20250202204850011.htm
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