Hanoi, April 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the first quarter of 2021 prepared in accordance with Vietnamese Accounting Standards (VAS).
Consolidated net revenue in the first quarter of 2021 was VND 12,986 billion, representing an increase of 99% compared to the same period last year, thanks to growth in delivery of retail units and bulk sale trnsactions.
In the first quarter of 2021, consolidated profit before tax was VND 7,085 billion, and consolidated profit after tax attributable to shareholders of the parent company reached VND 5,396 billion, representing 30% and 21% decreases year-on-year. Earnings per share (EPS) in the first quarter of 2021 was VND 1.640.
As March 31, 2020, Vinhomes had total consolidated assets of VND 207,715 billion, and a total consolidated equity of VND 94,605 billion, representing increases of 6% compared to the balances as of December 31, 2020.
In January 2021, Vinhomes officially announced the application of the Online to Offline (O2O) sale model and started to promote the secondary property trading leveraging the same system. Accordingly, this model will pioneer in building a transparent secondary real estate market as all information and selling prices are disclosed on Vinhomes Online marketplace at https://online.vinhomes.vn. This will increase the connection between the developer and owners of Vinhomes properties, aiming to raise property value and ensure the best liquidity for the property owners.
In March 2021, Vinhomes also launched the online leasing platform at https://stay.vinhomes.vn. This online leasing marketplace offers a safe and transparent choice for Vinhomes’ properties owners, while shortening time spent on looking for a home-for-rent for tenants. At the same time, the very first Vinhomes Serviced Residences units were also launched at the Gateway Tower in Vinhomes Smart City mega project.
Also, in March, Vinhomes continued to launch high rise units at Vinhomes Ocean Park and Vinhomes Smart City with highly attractive financial support policies. In 2021, the remaining products at these two mega projects are upgraded and launched at a higher-end segment.
With impressive sales results and vigorous promotional activities, Vinhomes continued to be voted No. 1 of the “Top 10 Reputable Real Estate Developers in 2021” ranking by Vietnam Report.