Contrary to the poor business results of many businesses, Hai Phat Investment Joint Stock Company (HPX) has just announced the first quarter business results, recording profit from operating activities with the amount of 34 billion. copper increased 89% over the same period in 2019.
Also in the first quarter, Hai Phat actively re-identified the brand, at the same time restructuring human resources, optimizing the management system, towards ensuring compliance with the company’s long-term development strategy.
“Breakthrough” from Quarter I business results
Hai Phat Investment Joint Stock Company (MCK: HPX) has announced quarterly financial statements of 2020 with strong profit growth over the same period.
Accordingly, net revenue in the period reached nearly 360 billion, up 7.8% over the same period, in the period Hai Phat also earned 62.6 billion in revenue from financial activities, many times higher than the same period. The result of HPX’s first quarter net profit was nearly 34 billion dong, up 89% compared to the first quarter of 2019.
HPX said that the reason for the soaring profit is that during the period the company focused mainly on completing and handing over apartments to customers at Roman Plaza projects, Phu Luong new urban area project and profit from restructuring the units in the system.
According to the Dragon Capital Fund’s report on April 23, HPX has appeared in the top 10 stocks with the largest proportion in the portfolio of Vietnam Enterprise Investments Limited (VEIL) with 3.09%.
Also on April 23, HPX market price reached VND 26,800 / share, up 14% compared to the beginning of March, while most stocks in VEIL’s portfolio fell deeply in the same period due to the impact. Covid-19 translated word. Currently, VEIL is holding 17.45 million HPX shares, equivalent to 7.59% ownership rate.
Change identity, restructure human resources to strengthen young leaders
Deciding to slow down the proposed plans, prioritize the implementation of epidemic prevention measures, take advantage of opportunities to re-identify the brand, implement human resource restructuring, and train leaders to improve qualifications, Employees are the plans that Hai Phat has implemented in recent years to cope with the Covid-19 epidemic.
Sharing about the decision to change brand identity in the context of the sluggish real estate market due to epidemics, Hai Phat representative said, this is the time when businesses need to renew themselves to adapt to the current context. of the market. We expect the new image will contribute to enhancing corporate value, which will mark a synchronous change in both the external image and the internal apparatus.
The proof is that over the past years, Hai Phat has continuously appointed more senior managers and most of the successors are young leaders.
Talking about the rejuvenating change of the business, Mr. Do Quy Hai – Chairman of Hai Phat said: “Every change in Hai Phat is inheriting the old values, each change is taking steps. to a new level. In the context of the current economic difficulties, enterprises are facing many challenges in both the management system as well as high quality human resources. In addition to renewing its image, the next step Hai Phat needs to drastically promote training to improve the capacity, professionalism and discipline of the staff; At the same time, speeding up the completion of the ecosystem through young qualified and experienced human resources. With the intelligence, youth, enthusiasm and understanding of the Company of young leaders, I completely believe in the capacity and enthusiasm of the young leaders. ”
The adjustment of the organizational model and rejuvenation of senior leaders will make an important contribution to the transformation of the management system towards best governance practices in the market, while still maintaining the identity. and Hai Phat’s core values.
Hai Phat representative also said that in recent years, although production and business activities have been significantly affected by epidemics, Hai Phat still ensures and maintains the regime for employees, does not cut wages, Salary reduction for any employee in the whole network.
Both strengthening the governance system reform with a young leadership team, while making efforts to come up with suitable work solutions to ensure income for employees. Hai Phat has shown the efforts of the business for the employees, for the long-term development of the Company not only in the present moment but also the philosophy “We must live together by love in the natural Chairman Do Quy Hai’s work ”has always been with the business for over 16 years of establishment and development. It is the precious efforts of all leaders and employees of the company that have contributed to bring Hai Phat to more and more development, integration and rise to new heights.
According to Cafef.vn https://cafef.vn/loi-nhuan-quy-i-tang-89-hai-phat-tich-cuc-tai-cau-truc-he-thong-20200506164904576.chn