Consolidated post- tax profit reached more than VND 450 billion, helping Hai Phat Invest exceed the business plan laid out in 2018.
According to the latest figures from the 2018 consolidated audited financial statements, Hai Phat Investment Joint Stock Company (Hai Phat Invest – MCK: HPX) recorded an impressive revenue growth of VND 2,019 billion (up growth of 86.9% compared to 2017). Consolidated post- tax profit reached more than VND 450 billion (up nearly 40% over the same period).
These impressive business results are due to in 2018, Hai Phat Invest has focused on successfully implementing and handing over a number of major and key projects in Hanoi such as: The Vesta Project, Zone Project Phu Luong new urban area, Roman Plaza project, Thuan An Central Lake project, etc.
Remarkably, thanks to the effective implementation capacity, along with the governance, shareholders and investors always appreciated the openness and transparency that helped HPX successfully issue VND 1,200 billion bonds (non-convertible, guaranteed assets) in 2018. The raised capital helps to improve the financial capacity of the company, supporting the company to be more proactive in capital to implement the projects in the following years.
The development strategy of HPX in the coming time is to focus on expanding the land fund to the provinces and big cities that have high average income growth rates such as Nha Trang, Da Nang, Hoi An, Dak Lak, Binh. Thuan, Nam Dinh, Can Tho, etc.
Most recently, on March 10, 2019, at Dak Lak Investment Promotion Conference, Hai Phat Invest signed a memorandum of investment cooperation with a total estimated value of 5,000 billion VND in Buon City. Ma Thuot.
Orientation in 2019, HPX will continue to further promote scale, fields of operations, financial capacity, management capacity and business efficiency. The company targets a consolidated revenue target for 2019 of VND 4,300 billion and an expected profit of VND 720 billion.
With the aim of affirming the pioneering position, becoming the leading prestigious real estate developer in Vietnam, HPX Board will submit through many important contents at the Annual General Meeting of Shareholders 2019. held on the coming March 29. It is expected that around the meeting content, there will be many ambitious plans in the near future revealed by the Board of Directors.