HODECO gained the profit of VND 101.3 billion in the first 6 months of 2020 (separate financial statements)

At the end of the first 6 months of 2020, BR – VT House Development Joint Stock Company recorded relatively good business results in the context of complicated situation of the covid-19 epidemic. Specifically:

 Unit: billion dong

(Source: Separate financial statements for the second quarter of 2020)

Revenue and profit in the first 6 months of 2020 were mainly from the Residential area project in the west of 3/2 Street and from the transfer of 7,591.6 m2 of land at 3/2 Street, Ward 11, Vung Tau City (This land use right was transferred to the Company at a low cost price, resulting in high profit margin.) Therefore, profit before tax (separately) in the first 6 months of 2020 increased by 2.2 times over the same period, reached VND 101.3 billion.

In the coming time, the Company will continue to accelerate the construction progress of The Light city project to put this project into business in the fourth quarter of 2020, and continue the sales activities at the Residential projects in the west of 3/2 street; Ecotown Phu My; Fusion Suites Vung Tau … , determine to complete the production and business tasks in 2020 with the expected revenue of 1,030 billion VND; Profit before tax of VND 250 billion.