AsemconnectVietnam - Saigon Thuong Tin Real Estate JSC (TTC Land, code SCR - HOSE) recorded a profit of VND11.81 billion in the fourth quarter of 2024; accumulated profit for the whole year was VND33.66 billion, up 105.7% over the same period and completing 210.4% of the plan.

In the fourth quarter of 2024, TTC Land recorded revenue of VND470.46 billion, up 378.3% over the same period; pre-tax profit reached VND11.81 billion, a sharp increase compared to the same period of only VND0.46 billion; after-tax profit reached VND2.76 billion.
Notably, in the fourth quarter, TTC Land recorded a 178.6% increase in financial revenue over the same period, equivalent to an increase of VND147.79 billion to VND230.54 billion. In which, the Company did not explain the financial revenue structure of the fourth quarter but explained the financial revenue structure for the whole year.
Accumulated in 2024, TTC Land recorded revenue of VND799.12 billion, an increase of 115.3%; pre-tax profit reached VND33.66 billion, an increase of 105.7% over the previous year.
In 2024, TTC Land plans to have revenue of VND705 billion, an increase of 89.9%; pre-tax profit is expected to be VND16 billion, a decrease of 2.4% compared to the actual performance in 2023. Thus, by the end of 2024, TTC Land has completed 210.4% of the profit plan.
In terms of asset size, as of December 31, 2024, TTC Land's total assets increased by 11.4% compared to the beginning of the year, equivalent to an increase of VND1,215.7 billion to VND11,846.9 billion. Of which, the main assets were inventories of VND3,451.5 billion, accounting for 29.1% of total assets; short-term receivables of VND3,222.9 billion, accounting for 27.2% of total assets; long-term receivables of VND1,951.9 billion, accounting for 16.5% of total assets; long-term financial investments of VND1,145.1 billion, accounting for 9.7% of total assets and other items. Regarding capital sources, by the end of 2024, TTC Land's total short-term and long-term debt increased by 22.8% compared to the beginning of the year, equivalent to an increase of VND682 billion to VND3,675.8 billion and equal to 31% of total capital sources. Of which, short-term debt was VND1,609.7 billion and long-term debt was VND2,066.1 billion.
N.Nga
Source: VITIC/Tinnhanhchungkhoan