Hoang Huy Finance (TCH) achieved VND870 billion in gross profit in the first half of fiscal year 2024
Wednesday, October 30,2024AsemconnectVietnam - According to the summary report of the Board of Directors of Hoang Huy Financial Services Investment Joint Stock Company (TCH - HOSE), the business results of the second quarter of fiscal year 2024 (period 01/07/2024 - 30/09/2024) grew strongly compared to the previous quarter and the same period last year.
Specifically, in the second quarter, the Company achieved over VND1,345 billion in revenue, an increase of 332% over the same period; gross profit reached VND519 billion, an increase of 964% over the same period. Accumulated in the first 6 months of the year, the Company achieved over VND2,173 billion in revenue and VND870 billion in gross profit.
The main contribution to the second quarter business results came from the sales and handover of nearly 300 apartment and townhouse products at the Company's projects, helping real estate sales increase sharply and reach more than VND1,207 billion. Sales of DongFeng trucks (China) and Navistar tractors (USA) also increased significantly and reached VND138 billion. Thus, sales of both main business segments increased sharply compared to the same period as well as the first quarter of fiscal year 2024. Since the Law on Real Estate Business officially took effect from August 1, 2024, homebuyers tend to look for products with transparent legal status. TCH's products are trusted by customers because the Company always focuses on investment, completing on time and ahead of schedule, and always fulfilling all financial obligations to the State. Up to now, the Company has successfully developed dozens of real estate projects, and 100% of home buyers have been granted red books/housing certificates as well as provided with full and convenient services.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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