VINHOMES RELEASED FINANCIAL RESULTS FOR QUARTER IV/2020 | Vinhomes

VINHOMES RELEASED FINANCIAL RESULTS FOR QUARTER IV/2020

28/01/2021

Hanoi, January 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the year ended 31 December 2020 prepared in accordance with Vietnamese Accounting Standards (VAS).

In 2020, consolidated net revenue reached VND 70,890 billion, an increase of 37% year on year. Consolidated net revenue in the fourth quarter of 2020 was VND 21,512 billion, representing an increase of 54% compared to the same period last year, thanks to delivery of residential units at Vinhomes Ocean Park, Vinhomes Grand Park, Vinhomes Smart City and Vinhomes Symphony. Converted consolidated net revenue of 2020, which includes revenue from Vinhomes’ business activities, business cooperation contracts (BCC) and bulk sales recognized as financial income, reached VND 98,089 billion, an increase of 43% compared to 2019.

In 2020, consolidated profit before tax was VND 37,047 billion, and consolidated profit after tax attributable to shareholders of the parent reached VND 27,839 billion, representing 25% and 28% increases compared to those of 2019 respectively. In the fourth quarter of 2020, consolidated profit before tax reached VND 14,847 billion, up by 98% compared to the previous quarter, which was due to larger delivery and recognition of both retail and bulk sales. Earnings per share (EPS) in 2020 was VND 8,463, up 30% compared to that of 2019.

As December 31, 2020, Vinhomes had total consolidated assets of VND 214,937 billion, and a total consolidated equity of VND 89,685 billion, representing increases of 9% and 39% respectively compared to the balances as of December 31, 2019.

In the fourth quarter of 2020, Vinhomes continued to introduce new products to the market with impressive launch results. In Ho Chi Minh City, the last two compounds of The Origami at Vinhomes Grand Park, The Origami Zen (S10) and The Origami Park (S6) were launched, in which all 2,100 units of The Origami Zen were fully booked in one day.

Vinhomes maintained its leading dominance in the supply in the northern markets with its two mega projects, Vinhomes Ocean Park and Vinhomes Smart City. 4Q2020 saw the official launch of the well-received The Zenpark featuring the highest product line currently available at Vinhomes Ocean Park, where residents can enjoy resort-style living experience everyday right in their own homes.

In the fourth quarter of 2020, Vinhomes Ocean Park and Vinhomes Smart City have introduced show flats fully equipped with Smart Home technology exclusively developed by VinSmart. At the Smart City Award 2020, Vinhomes won 2 awards, including the most prestigious “Excellent Smart Real Estate Developer” for its pioneering position in the development of smart cities in Vietnam.

Vinhomes is also the only real estate developer honored amongst in Vietnam’s Top 5 Leading Brands 2020 by Forbes Vietnam in this last quarter of 2020.