Vinhomes Earnings, Net Income Doubled in Q2

Vinhomes Earnings, Net Income Doubled in Q2

Vietnam's real estate giant Vinhomes reported consolidated sales in the second quarter of VND20.9 trillion ($ 902 million), up 309% year-on-year, according to the latest consolidated financial statement. Consolidated net income was VND8.46 trillion ($ 365 million), an increase of 102.9%.

Bin Homes recorded consolidated sales of 5.85 trillion VND and consolidated net income of VND2.68 trillion in the first quarter. In the first quarter, it sold its 91.48 percent owned subsidiary, Prime Land Real Estate, for VND1.49 trillion ($ 63.99 million).

In the first half of 2019, from January to June 2019, Binhomes' consolidated sales increased 70% year-on-year to $ 26.8 trillion ($ 1.16 billion) and profit after tax increased 37% to $ 11.14 trillion. It was ($ 481 million).

Vinhomes Central Park | Hot Spots in Ho Chi Minh City | Binh thanh District 5minutes to District 1

Bin Holmes Increases Net Income by 40% in 2019

At its annual meeting in May, Bin Holmes announced plans to increase consolidated net income by 40% to VND20.6 trillion ($ 889 million) in 2019.

Nguyen Dieu Linh, head of newly appointed Bin Homes, plans to expand the real estate business to cities other than Hanoi and Ho Chi Minh City and start office leasing in various cities. Was announced.

Bin Homes operates numerous projects in Hanoi, Ho Chi Minh, Haiphong, Bac Ninh and more.

Vinhomes stock price (market capitalization) is second, Vingroup is first

Binh Homes boasts the second largest market capitalization (294.09 trillion VND, $ 12.7 billion) on the Ho Chi Minh Stock Exchange. In addition, Vingroup, the parent company of Vingroup, boasts the largest market capitalization in Vietnam.

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