Everland Group (EVG) reached VND1,192 billion revenue in 2024
Sunday, February 2,2025
AsemconnectVietnam - Recently, Everland Group Joint Stock Company (stock code EVG) has just announced its business results for 2024 with revenue reaching VND1,192 billion, profit after tax of VND43 billion.
Specifically, according to the consolidated financial report for the fourth quarter of 2024, Everland recorded net revenue of more than VND230 billion, an increase of 4.5% over the same period last year; profit after corporate income tax reached VND5.97 billion, an increase of nearly 70% over the same period.
According to EVG's explanation, the reason for the increase in profit in the fourth quarter of 2024 is due to the favorable macroeconomic situation in the quarter, and the Government's policies continue to be effective. In particular, the imposition of 8% VAT, credit interest rate ceiling and low inflation, along with proactive cost reduction and business promotion, have helped EVG's business results improve.
Accumulated for the whole year of 2024, Everland achieved total revenue of VND1,192 billion, after-tax profit of more than VND43 billion, corresponding to growth of 10% and 38% over the same period. Although it has not yet achieved the set target of revenue of VND1,250 billion and after-tax profit of VND94.5 billion, the results achieved show positive growth in the context of a challenging market.
The financial report for this period also shows that Everland currently has no overdue loans and no outstanding bonds. As of December 31, 2024, Everland had total assets of more than VND4,900 billion, an increase of 36% compared to the beginning of the year.
Notably, the amount of prepayments from buyers increased sharply, from VND204 billion (beginning of the period) to more than VND650 billion (end of the period), mainly from customers who signed apartment purchase contracts at the Crystal Holidays Harbor Van Don Tourism, Resort and Entertainment Complex Project at Lot M1, Ao Tien High-class Urban Tourism and Port Area, Ha Long Commune, Van Don District, Quang Ninh Province. The total value of signed apartment purchase contracts of the Project as of December 31, 2024 was VND1,454 billion.
The company representative said that in 2024, Everland has actively promoted key projects. Notably, the Crystal Holidays Harbor Van Don project (Quang Ninh) with an investment scale of more than VND5,500 billion, along with other large projects such as Xuan Dai Bay (Phu Yen) and Ly Son (Quang Ngai).
In addition, Everland also plans to participate in the development of a component project at the HH5 plot of land in the Bac An Khanh Urban Area (Hanoi). At the same time, the Group and its member companies are also promoting investment in urban projects in Dong Thap, Dong Nai, Hai Phong, Vinh Phuc, etc. This shows that Everland's strategy in the real estate sector in the coming years is to develop both the resort and housing and urban segments in parallel.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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