AsemconnectVietnam - Flamingo Holding Group JSC has just announced its financial indicators for the first half of 2024 with after-tax profit exceeding the profit of the whole year 2023.

In the first half of this year, Flamingo Holding Group earned a profit of more than VND176 billion, 7 times higher than the profit of VND25 billion in the same period last year and higher than the profit in the whole year 2023. Previously, in 2022 and 2023, the company reported after-tax profits of VND296 billion and VND175 billion, respectively.
Flamingo Holding Group's equity by the end of the second quarter of 2024 reached VND2,777.7 billion, an increase of nearly 12% over the same period. The profit after tax/equity ratio reached 0.06%, significantly improved compared to 0.01% in the same period in 2023.
Meanwhile, the company still has about VND3,916.5 billion in liabilities, the debt/equity ratio is 1.41 times. Flamingo Holding Group's outstanding bonds alone are nearly VND255 billion.
Flamingo Holding Group is circulating the FHDCH2124001 bond lot, issued on December 16, 2021, with a term of 3 years and a total value of VND600 billion. After buying back a portion of the principal, the circulating value of this bond lot is approximately VND255 billion.
Flamingo Holding Group was established in 1996, currently operating in 4 main areas: real estate, resort services, travel and tourism, and architectural planning.
In 2008, the Group established Hung Vuong Construction and Trading Joint Stock Company. In 2009, Hong Hac Dai Lai Joint Stock Company was established. At the same time, the Group began operating the 5-star international resort Flamingo Dai Lai Resort with an area of about 1.23 million m2 in Vinh Phuc province.
In addition, Flamingo Holding is the owner of a series of projects such as: Flamingo Hai Tien (Thanh Hoa), with a scale of 19 hectares and a total investment of VND3,350 billion; Flamingo Heritage Tan Trao (Tuyen Quang) with a scale of nearly 25 hectares and a total investment of VND663 billion; Flamingo Golden Hill (Ha Nam) starting construction in 2023.
N.Nga
Source: VITIC/Tinnhanhchungkhoan