In the fourth quarter of 2020, BR – VT House Development Joint Stock Company continued to have very positive business results in the context of the complicated situation of the covid -19 epidemic. Specifically:
Unit: Billion dong
|
Items |
THE 4TH QUARTER OF 2020 |
THE 4TH QUARTER OF 2019 |
Rate (%) |
|
Revenue |
257,243 |
307,814 |
83,57 |
|
Profit before tax |
148,905 |
105,987 |
140,49 |
|
Profit after tax |
118,341 |
83,519 |
114,77 |
(Source: Separate financial statements for the fourth quarter of 2020)
The Company’s revenue in the fourth quarter of 2020 was mainly recorded from Ngoc Tuoc, West 3/2 and Ecotown projects in Phu My. These projects have high profit margin, especially Ngoc Tuoc project. Therefore, although the revenue of the fourth quarter of 2020 decreased compared to the revenue of the fourth quarter of 2019, the profit after tax of the fourth quarter of 2020 increased compared to the same period of the previous year. In the whole year of 2020, the company recorded 286.405 billion dong of profit before tax, equaling 114.56% of the plan and 157.77% compared to 2019.
Unit: Billion dong
|
Items |
In 2020 |
In 2019 |
Rate (%) |
|
Revenue |
717,769 |
677,272 |
105,98 |
|
Profit before tax |
286,405 |
181,529 |
157,77 |
|
Profit after tax |
229,549 |
144,799 |
158,53 |
(Source: Separate financial statements for the fourth quarter of 2020)
In 2021, the Company continues to accelerate the construction of The Light city project, complete the legal and landscape requirements to soon put it into business, and at the same time continue the sales activity at the following projects: West 3/2; Ecotown Phu My; Fusion Suites Vung Tau, especially the project of Ngoc Tuoc Hill Villas II; Implement technical infrastructure construction at Antares Vung Tau, Thong Nhat Apartment project, Tran Phu Villa Project, HODECO Seavillage…and complete legal procedures to be ready to deploy Phuoc Thang projects; Ecotown Phu My social housing…. The company also plans to issue a maximum of VND 1,000 billion of corporate bonds to finance the projects.
The Company’s leadership also set a production and business plan in 2021 with a revenue of: 1,300 billion VND; Profit before tax reached 320 billion dong. The targets of revenue and profit will be submitted to shareholders for consideration and decision at the annual general meeting of shareholders in 2021.
