Thursday, January 31, 2019 16:05 (GMT + 7)
Vingroup recently announced its fourth quarter 2018 business results with positive results.
Vingroup Joint Stock Company has just announced a financial report for the fourth quarter of 2018 with positive results. In particular, Vingroup's revenue for the reporting period amounted to 38,427 billion Dongs, an increase of 19.7% compared with the same period in 2017. Profit before tax in Q4 amounted to 4 989 billion Dong, an increase of 19.2%.
Regarding the structure of net revenues in the fourth quarter: the transfer of real estate reached 26,539 billion Dongs (which is 68%); retail business and supermarkets reached 6575 billion dong (which is 16%); tourist hotel revenues reached 1,285 billion dong; the rest is education, hospital and other services.
Vingroup financial income in the fourth quarter increased sharply from 114 billion to 3,846 billion. Won. After deducting financial expenses, business management and sales, Vingroup posted a profit of 4,989 billion Dong before tax, an increase of 19.2% compared to the same period in 2017.
Billionaire Pham Nhat Vuong – Chairman of the Vingroup
Accumulated for the entire 2018, Vingroup revenue reached 122,575 billion Dong, an increase of 37.2% over the previous year. Net profit amounted to 6,601 billion Dong, an increase of 7.18%.
Total assets as of December 31, 2018 reached 289,105 billion Dong, which is 35% more than at the beginning of the year. The value of inventories at the end of the period is 53.206 billion Dong, mostly real estate is under construction.
It is noteworthy that by the end of 2018, in the financial reports on assets in progress, investment capital in the Vinfast project reached 27,473 billion Dong. Previously, this figure was recorded at the end of the third quarter of 13 603 billion Dong. Thus, over the last 3 months of 2018, Vingrup from billionaire Pham Nhat Vuong has invested 13.870 billion Dong in Winfast.
The equity capital of the Group at the end of 2018 reached D 99.059 billion, an increase of 89% compared with the beginning of the year. Vingroup still has retained earnings in the amount of 4,824 billion Dong.
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