AsemconnectVietnam - On the morning of May 28 at Daewoo Hotel Hanoi, Everland Group Corporation (EVG - HOSE) held the 2025 Annual General Meeting of Shareholders in person and online to discuss and approve many important contents.

Everland's Board of Directors said that in 2024, the Company's total consolidated revenue will reach VND1,192 billion, an increase of 9.45% compared to 2023; profit after tax will reach VND33.7 billion, an increase of 7.3%. Total assets will reach VND4,858 billion, an increase of 35.95%; equity will reach VND2,812 billion, an increase of 8.31%. The value of commercial goods inventory on the Consolidated Financial Statement is VND11.1 billion, down 87.2% compared to 2023. Meanwhile, the cost of unfinished construction and the value of inventory is VND1,525.3 billion, up 73.7% compared to the same period in 2023.
The return of the real estate market and the tourism sector is the reason why Everland recorded better results in 2024 compared to 2023. Specifically, in 2024, Everland actively promoted key projects, notably the Crystal Holidays Harbor Van Don project (Quang Ninh) with an investment scale of more than VND5,500 billion (the goal is to put phase 1 of the project into operation in the third quarter of 2025), along with other major projects such as Xuan Dai Bay (Phu Yen) and Ly Son (Quang Ngai).
In addition, the imposition of 8% VAT, credit interest rate ceiling and low inflation, while proactively cutting costs and boosting business activities, have helped EVG's business results improve.
At the end of the fiscal year, cash and cash equivalents and short-term financial investments on the consolidated financial statements were VND464.2 billion and VND200.6 billion, respectively. Medium and long-term credit balance was VND1,004.6 billion, equivalent to 20.7% of total consolidated assets, a relatively low rate in the real estate industry. In particular, EVG did not incur bond debt, overdue debt and bad debt with banks.
2024 is also considered a "double" challenge for EVG when the company must focus on overcoming old problems and removing stocks from control, while seizing opportunities to promote investment and development activities. With great efforts and determination, it can be said that EVG has achieved both of the above goals.
At the congress, Everland also approved the 2025 business plan with the target of total consolidated revenue striving to reach VND1,550 billion, an increase of more than 30% compared to the results of 2024; profit after tax reaching VND113 billion, more than 3 times higher than the results achieved last year; total assets reaching VND5,500 billion (of which the parent company reached VND3,500 billion), expected dividend rate of 5%.
Mr. Le Dinh Vinh - Chairman of Everland Group said that in 2025, EVG will prioritize promoting core business areas such as real estate, tourism and services, focusing on creating a synchronous real estate - tourism and service ecosystem as the development pillar of the Group. In addition, the Company considers expanding new business sectors and lines to anticipate the shifting trend of the economy.
Regarding real estate, focus on removing backlogs and obstacles to implement new projects in some localities such as Hai Phong, Quang Ninh, Quang Ngai, Phu Yen, Khanh Hoa, Dong Thap...; promote product sales at projects eligible for sale to create stable real estate revenue.
Regarding tourism - services, continue to promote travel and tourism business activities, combining diverse and rich tourism services with destinations and tourist accommodation facilities in the Crystal Holidays system; Cooperate with the Centara Resorts & Hotels brand (Thailand) to open phase 1 of the Crystal Holidays Harbor Van Don tourism, resort and entertainment complex; Put into operation a fleet of day and night cruise ships to visit Bai Tu Long Bay, and accelerate the completion of the Group's tourism service ecosystem in the Van Don economic zone.
In addition, EVG and Crystal Holidays will strengthen cooperation with reputable domestic and international travel agencies to develop and promote tourism products in Van Don and Bai Tu Long Bay; combine airlines to operate charter flights to bring inbound tourists to Vietnam.
N.Nga
Source: VITIC/Tinnhanhchungkhoan