On August 07th 2018, Novaland Group has held an Analyst Meeting to share business results in the first 6 months of 2018, as well as development orientation of in next time. The meeting attracted nearly 100 securities analysts, financial investors from large securities companies and investment funds.
This meeting is part of a plan to enhance the professionalization of investor relations activities, by expanding the active connection and timely information to all funds, investors, financial institutions, both domestic and foreign.
A lot of financial experts and investors attended Analyst Meeting of Novaland
Investors are constantly asking questions about strategies of business development, land fund development, capital raising plans, housing development plans and especially future hospitality projects. That express their interest in the opportunity to invest in Novaland.
In the first half of 2018, Novaland’s net revenues reached VND4,290 billion, representing an increase of 29% compared to the same period last year. Gross Profit increased substantially 74% to VND1,410 billion. Total assets as of June 30th, 2018 amounted to VND58,756 billion, representing an increase of 19% from the end of 2017. Owner’s equity reached VND17,467 billion which is 32% higher than 2017. After three share issuances including ESOP, bonus shares and private placement (52.5 million shares), the charter capital as of June 30th was VND9,143 billion, up 41% compared to the end of 2017.
Novaland representatives shared the future development plan of Novaland
Along with the strong development trend of hospitality property both in Vietnam and internationally, also as part of the phase 2 in Novaland’s strategic development; Novaland announced it’s expanding plan to hospitality sector. Novaland still concentrates 80% of its resources on the housing sector in Ho Chi Minh City and spend up 10 - 20% of its capital to expand into the development of hospitality projects in major provinces with enormous tourism potential, such as Can Tho, Ba Ria – Vung Tau, Phan Thiet – Binh Thuan, Cam Ranh - Khanh Hoa, Phu Yen, Binh Dinh, Da Nang, etc.
In 2018, Novaland expects to hand over about 11 projects with 6,700 products. All projects are located in prime locations in Ho Chi Minh City such as Dist.2, 7, Binh Thanh, Nha Be; and have an average selling rate of over 90 per cent, event 99 per cent. Novaland estimates that in 2018, revenue will come to VND21,780 billion, and profit after tax of VND3,200 billion, which mark an 87 and 55 per cent increase respectively against 2017.
Efforts of Novaland in business and sustainable development have been consistently recognized by the prestigious organizations: “Vietnam's 50 Best-performing Companies” in 2018 by Investment Bridge Magazine, the "Top 40 Most Valuable Companies Brand” in 2018 by Forbes Vietnam, the Top 20 Vietnam Sustainable Index (VNSI) in July of 2018 by the Ho Chi Minh City Stock Exchange (HOSE) ...
Video clip of the first resort project of Novaland - Azerai Can Tho: CLICK HERE