Some real estate companies have announced their financial reports for the third quarter of 2023 with large profits. For example, Danang Housing Development Investment Joint Stock Company (stock code NDN) has just announced its financial report for the third quarter of 2023 with revenue reaching VND56.18 billion, an increase of more than 49 times compared to the same period last year. The company also had a large profit after tax of VND27.58 billion, while in the same period last year it lost VND28.77 billion. In the third quarter of 2023, financial revenue increased by 106.3% to VND27.31 billion.
Accumulated in the first 9 months of 2023, NDN achieved revenue of 368.75 billion VND, 153.9 times higher than the same period and profit after tax reached 195 billion VND, in the same period last year, it lost 123.99 billion VND. With this result, Nha Da Nang completed 122% of the annual profit plan.
The company's high results are thanks to securities investment. By the end of the third quarter of 2023, NDN's securities portfolio increased by 51% compared to the beginning of the year, to VND 468.9 billion, equivalent to 33.9% of total assets. As of September 30, NDN's securities portfolio included VND 195.2 billion in STB shares; VND 109.4 billion in HPG shares; VND 49.9 billion in DGC shares; VND 20.25 billion in MWG shares; VND 8.7 billion in QTP shares and more than VND 826 million in GEG along with more than VND 145 billion in other stocks. Of which, the investment in HPG is making the biggest profit with 47%; DGC and MWG are making a profit of 25%...
Or Nam Long Investment Joint Stock Company (stock code NLG) announced that in the third quarter of 2023, net revenue was nearly 357 billion VND, down 60% compared to the same period last year. However, Nam Long achieved a profit after tax of nearly 71 billion VND, up 39% compared to the same period last year. It is noted that the majority of revenue in the period was contributed by the sale of houses and apartments (accounting for 86% of total revenue), of which Mizuki is a key project handed over in the period, but because it belongs to a joint venture company, revenue is not consolidated but only the profit allocated to NLG is recorded.
In the first 9 months, Nam Long achieved net revenue of more than 1,545 billion VND, down 43% compared to the same period last year; profit after tax reached 318.6 billion VND, up 15%.
Another real estate company, Nam Mekong Group Joint Stock Company (stock code VC3), has just announced its financial report for the third quarter of 2023 with net revenue reaching nearly VND 193 billion, 3.7 times higher than in the third quarter of 2022. As a result, VC3 also made a large profit of VND 32 billion, 30 times higher than the same period last year when it only made a profit of just over VND 1 billion.
In the first 9 months of this year, VC3 achieved revenue of nearly 384 billion VND, an increase of 6.7 times, and profit after tax of 56.6 billion VND, an increase of 21 times compared to the same period last year.
Meanwhile, Phat Dat Real Estate Development Corporation (stock code PDR) in the third quarter of 2023 achieved revenue of nearly VND 355 billion, 32 times higher than the same period last year, mainly thanks to real estate transfer sales. However, Phat Dat reported a profit after tax of nearly VND 102 billion, down 86% compared to the same period last year. However, if excluding the extraordinary profit from the transfer of subsidiaries in the same period last year, this year's profit is very positive. In total, after 9 months, Phat Dat reported a profit after tax of nearly VND 400 billion...
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