3Q2018 Earnings Announcement | Vinhomes

3Q2018 Earnings Announcement

30/10/2018

Hanoi, October 30th, 2018, Vinhomes Joint Stock Company (“Vinhomes” or “the Company”) released its interim consolidated financial statements of the third quarter of 2018 (3Q2018) prepared in accordance with Vietnamese Accounting Standards (VAS).

In the third quarter of 2018, total consolidated revenue reached VND 6.878 trillion. Profit before tax and profit after tax to shareholders of the parent were VND 5.126 trillion and VND 3.848 trillion respectively, which were 186% and 176% higher than 3Q2017.

Revenue from sale of inventory properties was VND 5.534 trillion. Revenue from leasing and revenue from property management services were VND 702 billion. Income from business cooperation contracts (BCC) further contributed VND 1.305 trillion to profit before tax.

As at September 30th, 2018, Vinhomes had total consolidated assets of VND 138.195 trillion and total equity of VND 46.275 trillion, an increase of 169% and 357% compared to the end of the 2017 financial year.

Vinhomes has successful launched VinCity Ocean Park in October of 2018. All VinCity projects are designed to enhance life quality for homebuyers, featuring low construction density, large-scale areas dedicated to greenery and water surfaces and integrated amenities such as schools, medical facilities, office, commercial and retail components.

VinCity Ocean Park is located approximately 14km from the CBD of Hanoi, on a vast 420-hectare site, with construction density of just 19%, a first-of its kind salt lake, white sandy beaches, large green public spaces and plenty of infrastructure. The project also offers an innovative 35-year mortgage scheme at affordable rates.

In the third quarter, Vinhomes also continued to market units in its high-end Vinhomes West Point project in the heart of the West of Hanoi with Dual Key Officetels. Vinhomes West Point apartments allow buyers to use them as “home office”, “shared-office”, co-working space” or “homestay“, offering flexibility as well as an attractive investment opportunity.