Unrecorded sales by the end of the first quarter of Vinhomes reached 112,000 billion VND, super project Vu Yen had nearly 2,000 bookings after 1 month of launch.

Vinhomes Joint Stock Company (stock code: VHM) has just announced its consolidated financial report for the first quarter of 2024, accordingly, the total converted consolidated net revenue reached VND 8,605 billion. The company’s consolidated profit after tax reached 904 billion VND.

During the period, the handover of Vinhomes Ocean Park 1 – 2 – 3 and Vinhomes Grand Park continued to make major contributions to the Company’s business results. However, revenue and profit in the first quarter are lower than the same period in 2023 because it has not yet been time to record revenue and profits for products that are in the process of construction, expected to be completed and recorded in the future. next quarter according to accounting standards.

VHM said that in the coming time, with key projects such as Vinhomes Ocean Park 3, Vinhomes Royal Island, and Vinhomes Golden Avenue completing handover to customers and completing a number of procedures for lot sale transactions, large, as well as the market launch of a number of new projects after completing regulatory procedures, Vinhomes expects business results to develop positively in the following quarters. In particular, with unrecorded sales reaching 112,000 billion at the end of the first quarter of 2024, the Company is confident that it will achieve the business plan approved at the recent Shareholders’ Meeting.

As of March 31, 2024, Vinhomes continues to maintain a large financial foundation with total assets and equity reaching VND 464,485 billion and VND 196,216 billion, respectively, an increase of 4.5% and 7% respectively. .4% compared to the end of 2023.

At the end of March, Vinhomes officially launched the Royal Island City project – Vinhomes Royal Island with a scale of 877 hectares located on Vu Yen Island, Hai Phong, creating a strong boost for the Northern real estate market in particular and the country in general. The project was welcomed by the market with nearly 2,000 customers placing orders after less than a month since its launch.

Also this March, The Canopy apartment tower belonging to the Vinhomes Smart City project – a product of cooperation between Vinhomes and foreign partners – achieved an absolute absorption rate as soon as it launched its first apartment fund, becoming become the focus of the real estate market in the West of the Capital.

In addition, in January 2024, Vinhomes officially started construction on two key social housing projects in Trang Cat ward, Hai An district, Hai Phong and Cam Ranh, Khanh Hoa. In addition, at Vinhomes Grand Park, Vincom Mega Mall commercial center according to the first and largest Life-Design model in the South and VinWonders theme park will also be opened this summer, bringing A joyful living space, filled with amenities.