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IN 2021, HODECO REACHES 310.7 BILLION VND OF PROFIT AFTER TAX (SEPARATE FINANCIAL STATEMENTS), EQUAL TO 135.3% COMPARED TO THE PERFORMANCE IN 2020

IN 2021, HODECO REACHES 310.7 BILLION VND OF PROFIT AFTER TAX (SEPARATE FINANCIAL STATEMENTS), EQUAL TO 135.3% COMPARED TO THE PERFORMANCE IN 2020
01/19/2022

BR-VT House Development Joint Stock Company announced the Company’s separate financial statements for the fourth quarter of 2021 with some very good business results targets in the difficult situation due to the impact of the covid-19 epidemic.

The specific targets are as follows:

  TARGETS

PRODUCTION AND BUSINESS RESULTS IN 2020 

PRODUCTION AND BUSINESS RESULTS  IN 2021    

RATE(%)   

  Revenue

717,8 billion dong

1.304,1 billion dong  

181,6  

  Profit  before tax

286,4 billion dong

389,7 billion dong

136,1  

 Profit after tax

229,5 billion dong

310,7 billion dong

135,3  

 

In 2021, in addition to continuing to operate the projects of Hai Dang Residential Area, Ecotown Phu My, West of 3/2 Residential Area  , Residential Area on Ngoc Tuoc Hill II…, the Company also stepped up the work of setting up a land fund to serve short, medium and long-term goals such as at Hai Dang project; Phuoc Thang; Long Dien; Vung Tau Wonderland…, bought shares to own 60% of Da Vang Sea project.

In 2022, Hodeco aims to achieve 1,960 billion dong in revenue and 480 billion dong in pre-tax profit, besides, the Company plans to allocate about 4,189 billion dong of investment capita, the main goals are to continue to set up land fund in projects invested by the Company, to search for new land funds including participation in auctions of potential projects; projects that are approved but the investor is not able to implement; to carry out M&A with companies with good land bank. In addition, the Company also promotes the sales activity at Hai Dang, Ngoc Tuoc housing projects… proactively source capital to serve investment plans. Complete legalization of West 3/2 projects; Ocean; HODECO Seavillage; Tran Phu, Thong Nhat Apartment… to put into business as soon as possible.

See more: Separate financial statements for the fourth quarter of 2021

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