Hanoi, April 28, 2022, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the first quarter of 2022 in accordance with Vietnamese Accounting Standards (VAS).
Consolidated net revenue in the first quarter of 2022 was VND 8.92 trillion, coming from the handing over of units at the three mega projects, namely Vinhomes Ocean Park, Vinhomes Smart City and Vinhomes Grand Park. If adding back revenue from bulk sales of properties and business co-operation contracts (BCCs), of which gains were recognized in the finance income, adjusted consolidated net revenue was VND 14.28 trillion, a decrease of 9% year-on-year, because deliveries of pre-sold are scheduled for later quarters of 2022, instead of this first quarter period. Consolidated profit before tax was VND 5.89 trillion, consolidated profit after tax and minority interest was VND 4.54 trillion.Earnings per share (EPS) in the first quarter of 2022 was VND 1,043.
As of March 31, 2022, Vinhomes had total consolidated assets of VND 233.96 trillion and total consolidated equity of VND 136.08 trillion, representing an increase of 13% and 44% compared to March 31, 2021.
In the first quarter 2022, Vinhomes successfully completed a number of new project launches with strong take-up rates that exceeded expectations. In Hanoi, key launches included the P1 and P3 tower of The Pavilion precinct at Vinhomes Ocean Park as well as the Tonkin subdivision located atVinhomes Smart City with an Indochine-style architecture, creating an oriental urban area in the west of Hanoi.
In April 2022, Vinhomes launches Vinhomes Ocean Park – The Empire, the second phase of Vinhomes Ocean Park to over-whelming indication of interest. The mega project comprises of villas, town houses, shop-houses and apartments, offering class-leading amenities and a green living environment in the East corridor of Hanoi.
In Ho Chi Minh City, Vinhomes launched The Origami, a project supported by the Japanese garden at Vinhomes Grand Park, attracting over 3,000 customers and generated revenue of more than VND 100 billion VND.
Also at Vinhomes Grand Park, sales events at The Beverly subdivision were attended by more than 5,000 participants with 100% of commercial low-rise units released sold out within a week.
Vinhomes position as Vietnam’s leading real estate developer and operator was underpinned by a series of community events and promotional activities held across our mega projects.
In Hanoi, a series of spring-themed events were held with four exciting concerts, namely "The taste of Spring days” at Vinhomes Smart City and “Spring by the Sea” at Vinhomes Ocean Park, Vinhomes Smart City and Vinhomes Ocean Park, resulting in more than 18,000 visitors. In Ho Chi Minh City, Vinhomes successfully held a “Carnival of Lights” serial concerts in Vinhomes Grand Park, attracting 50,000 visitors and residents. Vinhomes was honored in the Top 10 Developers in Vietnam at the BCI Asia Awards 2020 – 2021 for its efforts and achievements.
Vinhomes continued its ongoing digitization focus by adopting online platforms and offline activities to enhance the brand equity and to support new launches.