Thursday, January 31, 2019 16:05 (GMT + 7)
Vingroup announces Q4 / 2018 business results with positive numbers.
The Vingroup Joint Stock Company announced its positive results in the fourth quarter of 2018. Specifically, at that time, Vingroup earned 38,427 million dollars, up 19.7% compared to the same period of 2017. Profit before tax Q4 was 4989 million dollars, up 19.2%.
In the seventh quarter in terms of income structure: real estate transfer came to 269,398 million dollars (68%); Retail businesses and supermarkets reached $ 6,555 million (16%). tourism hotel tickets reached 1,285 million VND; Rest of education, hospital and other services.
Vingroup's revenue in the fourth quarter rose significantly from 114 million VND to 3,846 million dollars in VND. After deducting financial expenses, business management and sales, Vingroup created 4,989 million savings in the VND of 19.2%, compared to the same period of 2017.
Billionaire Pham Nhat Vuong – President of the Vingroup Group
In accordance with the year-end of 2018, Vingroup's revenue amounted to 122,575 million dollars, up 37.2% on the previous year. Net profit came to 6,601 million dollars, 7.18%.
All assets at 31 December 2018 totaled 289,105 million euros, 35% since the beginning of the year. Inventory value at the end of the period is 53,206 million dollars, mainly real estate in construction.
In particular, in the Explanation of Disposses of Assets, the investment capital investment of the Vinfast project at the end of 2018 was $ 27,473 million. Previously, VND was registered at the end of the third quarter of 13,603 million euros. Thus, in the last 3 months of 2018, the Vingroup Pham Nhat Vuong multimillionist is called Vinfast VND for 13,870 million dollars.
Group equity reached end-of-year 2018 to 99.059 million VND, up to 89% at the beginning of the year. Vingroup still has a profit distribution of 4,824 million dollars.
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