Vinhomes released financial results for Quater IV/2021

Hanoi, January 28, 2021, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the fourth quarter of 2021 in accordance with Vietnamese Accounting Standards (VAS).

Consolidated net revenue in the fourth quarter of 2021 was VND 23,413 billion, representing an increase of 6% compared to the same period last year. Consolidated profit before tax was flat at VND 14,126 billion versus 4Q2021 while consolidated profit after tax and minority interest was VND 11,932 billion, representing a 8% increase year-on-year. Earnings per share (EPS) in the fourth quarter of 2021 was VND 2,740.

In 2021, consolidated net revenue was VND 85,094 billion, representing an increase of 19% compared to 2020. Consolidated profit before tax was VND 48,469 billion and consolidated profit after tax and minority interest reached VND 39,017 billion, representing a 33% and 43% increase compared to those of 2020, respectively. Earnings per share (EPS) in the year 2021 was VND 9,060.

As of December 31, 2021, Vinhomes had total consolidated assets of VND 230,418 billion and total consolidated equity of VND 131,699 billion, representing an increase of 7% and 47% compared to December 31, 2020.

In the fourth quarter of 2021, the Government promulgated the regulation on “Safely adapting, flexibly, effectively controlling the COVID-19 epidemic” which was implemented across the country, in order to restore social-economic growth in Vietnam. As a result, Vinhomes’ business activities have improved and achieved remarkable breakthroughs. The Company held several sales and marketing events, both on and offline.

Following the success of the first series, “The Pioneer” talk show became a highly popular broadcast program, widely followed by agents and potential customers. The series has over 7 million views after 5 online episodes, allowing Vinhomes to win a reputation of innovative business approaches.

Also in the fourth quarter, Vinhomes continued to launch new products with impressive results. The launch of The Beverly at Vinhomes Grand Park in Ho Chi Minh City was the market highlight with a series of outstanding events. The soft launch of the project attracted 2,000 agents, while the exhibition of the scale model and show units welcomed 8,000 visitors. Especially in December, Vinhomes and Mitsubishi Corporation signed a memorandum on comprehensive strategic partnership in the areas of Urban development and Real estate business, Smart city management and Digital transformation and Energy transformation.

In Hanoi, Vinhomes launched the P2 tower in The Pavilion at Vinhomes Ocean Park. All the units were fully booked after 2 openings. The lucky draw for buyers of Vinhomes Ocean Park and Vinhomes Smart City was organized, attracting 15,000 customers. In Vinhomes Star City (Thanh Hoa City), villas of Mau Don compound have been sold quickly after launch at an absorption rate of 80%.

Vinhomes also led the way in property management. The Company organized several community engagements which was well-received by residents. One of the most notable events was the Christmas and New Year event held at 200 buildings in 16 Vinhomes’ projects across the country, creating a splendid and colorful festive environment.

In 2021, Vinhomes received multiple international honors for outstanding construction works. Particularly, the TechnoPark Tower at Vinhomes Ocean Park won double awards for Most Intelligent District at IBcon Digie Awards 2021 and was granted a Leadership in Energy and Environmental Design Certificate (LEED) Platinum v4 by the U.S. Green Building Council.

Moving into 2022, Vinhomes expects to extend its market leadership by launching mega projects especially in the North of Vietnam, and to continue the digital transformation by applying advanced technology to create state-of-the-art projects in Vietnam that rival premier international projects.